A new deal has been launched to ensure Wales meets its renewable energy targets, whilst maximising the benefits for communities.
The Renewable Energy Sector Deal will be a strategic partnership between Welsh Government and industry, focused on unlocking the full economic potential of Wales’ renewable energy future.
It 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% of its electricity consumption.
The target is for renewable electricity generation to meet 70% of our consumption by 2030 and 100% 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 £8m equity stake in – will become the largest consented tidal energy project in Europe.
The Cabinet Secretary said:
“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.
“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.”
Dafydd Gruffydd, Managing Director of Menter Môn, said:
“The Renewable Energy Sector Deal is an important step in accelerating the growth of renewable energy in Wales and across the UK. For Menter Môn, it recognises the important role marine energy schemes like Morlais can play in strengthening energy security, creating high-quality jobs, and delivering long-term economic benefits for local communities like Anglesey.”
Renewable UK Cymru said:
“We’re delighted to have supported this landmark sector deal, bringing government, industry and communities together to accelerate renewables and reduce reliance on volatile gas and imported fossil fuels. It will secure jobs, anchor long-term investment in our ports, manufacturing and supply chains, and put Wales at the heart of the UK’s clean energy economy – unlocking a £10 billion opportunity for Welsh businesses, supporting 8,000 secure, well-paid jobs and delivering £183 million in community benefit funds across Wales. We’re committed to ensuring this momentum is carried forward by the next government, and we encourage all political parties to maintain – and strengthen – support for renewable energy beyond the next election.”
Marine Energy Wales said:
“This sector deal reflects the significant collaboration that has taken place between Welsh Government and industry over the past year. Bringing together a wide range of voices from across the renewable energy sector has helped shape a shared vision for how Wales can accelerate clean energy deployment while maximising the economic opportunities for Welsh businesses and communities. It demonstrates what can be achieved when government and industry work together with a clear and ambitious purpose.”
The Sector Deal was co-produced by a Task and Finish Group of developers and community organisations.
