The Renewable Energy Sector Deal coincides with the publication of the latest Energy Generation and Energy Use in Wales report, which shows renewable electricity generation in Wales in 2024 was equivalent to 54 percent of its electricity consumption.
The target is for renewable electricity generation to meet 70 percent of Welsh consumption by 2030 and 100 percent by 2035, whilst also delivering at least 1.5 gigawatts of locally owned renewable energy capacity by 2035.
The Sector Deal will help deliver on these ambitious targets by accelerating renewable deployment across onshore and offshore wind, solar, marine and hydro. It also aims to strengthen supply chains, build the workforce of the future and ensure that communities across Wales reap the benefits.
Rebecca Evans, the Cabinet Secretary for Economy, Energy and Planning, will launch the Sector Deal on a visit to the Morlais tidal energy project, in Anglesey.
Owned and managed by the social enterprise Menter Môn, the Morlais scheme – which the Welsh Government has an £8 million equity stake in – will become the largest consented tidal energy project in Europe.
“Our ambition is to become a world leader in renewable energy, creating jobs and green growth to make families in Wales more prosperous and to help with the cost of living” said the Welsh Cabinet Secretary. “The current conflict in the Middle East has further highlighted the importance of energy independence. Our Renewable Energy Sector Deal will provide a strong foundation for the future delivery of renewable energy – to the benefit of our economy, environment and energy security. The Morlais project is a strong example of how sustained partnership can unlock Wales’ natural energy resources and convert them into lasting economic opportunity for local communities and businesses. The Energy Generation and Energy Use report also shows we are making progress towards our renewable energy targets. Combine this with the record 20 major renewable energy projects, totalling 1,400 MW, to receive backing in the latest UK Government Contracts for Difference auction round and it is clear we are creating an environment for a more resilient, renewable energy-powered future.”
The Sector Deal was co-produced by a Task and Finish Group of developers and community organisations.
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