Welsh Government launches publicly owned energy company

Welsh Government launches publicly owned energy company

Welsh climate change minister Julie James and Plaid Cymru’s designated member Siân Gwenllian have launched a new publicly-owned energy company for Wales.

Ynni Cymru, based at M-SParc, Ynys Mon, is being established to expand community-owned renewable energy generation across Wales.

£750,000 has been given to 11 projects in the form of resource grants over the next three years.

The funded projects include: Cwm Arian for their “Heart of Dyfed Power Unlocker” project; the Dyffryn Ogwen Gynaladwy project in Bethesda to deliver solar power on community and business buildings in the Ogwen Valley; Ynni Cymunedol Gwrog’s Tanygrisiau heat project; and support to Ynni Newydd Cyfyngedig’sBretton Hall solar project.

James said: "With the launch of Ynni Cymru we are on our pathway to meet the equivalent of 100% of our annual electricity consumption from renewable electricity by 2035, and to continue to keep pace with consumption thereafter.

"However, to reach this we need a rapid transformation of our energy system.

"The current market-based approach to the energy system is not delivering decarbonisation at the scale or pace necessary for the climate emergency and has not been retaining sufficient benefit in Wales.

"Local use of locally generated energy is an effective way to support net-zero and keep the benefit in our communities.

"Ynni Cymru will complement the great work already being undertaken by the Welsh Government Energy Service and Community Energy Wales, especially around scaling up and increasing the impact of renewable energy assets across Wales.
    
“We are taking the lead in shaping the energy system to drive Wales towards meeting its Net Zero targets and delivering on Wellbeing goals for a more prosperous future."

Gwenllian added: "Ynni Cymru is an ambitious project which aims to give local people and communities control over local resources and renewable energy initiatives. As we face multiple challenges of a climate crisis and high energy bills, it is more important than ever that we develop renewable energy projects that have local benefit and ownership as a core aim.

"How we produce and consume energy is an essential part of achieving net zero and establishing Ynni Cymru is a key development in our ambitions. We also know that whoever owns energy assets is hugely important. Ynni Cymru’s investment in expanding community-owned renewable energy generation will help decarbonise our energy supply with sustainable green energy and directly benefit people who live in those communities."

Image by Rudy and Peter Skitterians from Pixabay