If it is allowed to build them all, Bute Energy’s entire portfolio of planned energy projects will generate enough power for 2.25 million homes by 2030
Plans for a major wind farm expansion in Wales have received a £600mi investment.
Copenhagen Infrastructure Partners are taking a stake in Bute Energy and Green GEN Cymru, who are looking to construct 10 wind farms across the nation. The Twyn Hywel wind farm, which already has the green light from planning authorities, promises to supply power to around 81,000 houses upon completion.
Nine more wind farms are still awaiting planning permission, forming part of a £3bn onshore wind portfolio. Ed Miliband, Britain’s energy secretary, said the funds were a “significant investment and a vote of confidence” in the country’s ambitions for clean energy dominance.
If it is allowed to build them all, Bute Energy’s entire portfolio of planned energy projects will generate enough power for 2.25 million homes by 2030. This follows Labour’s campaign for wind and solar power, seeking to free the UK from the volatility of global gas prices.
Their strategy aims to slash carbon emissions from the national grid by an impressive 95% by 2030’s end. Nischal Agarwal, a partner at CIP, said that the investment “reflects our confidence in the Welsh renewable sector to deliver much needed infrastructure to Welsh homes and businesses, to play a full role in meeting national renewable energy targets”.
In response to the Welsh Government’s goal for all of Wales’ electricity to be generated from renewable sources by 2035, Bute Energy and Green GEN Cymru have unveiled their latest projects. Bute Energy is aiming to contribute 25% towards this target, with company chiefs projecting the creation of up to 2,000 new jobs.
Bute Energy’s managing director, Stuart George, has further revealed that they plan to put six of these projects forward for approval, hoping to get them onto “the Cabinet Secretary’s desk” for a decision by this summer.
