Marine Energy Wales

Home » Read our 2022 State of the Sector Report

We are pleased to share our latest annual State of the Sector Report, available for the first time ever in both Welsh and English!  

With a refreshed look into the emerging picture across Wales, featuring case studies, trends and data, the report dives into the opportunities and economic benefits of our developing marine energy sector. 

Set against the backdrop of increased revenue support, the UK’s net zero challenge and the rising energy cost and security crises, the sector faces a revitalised sense of confidence. With a target set for the floating offshore wind in the Celtic Sea, a tidal power demonstration zone under construction off the coast of Anglesey and the first UK Government contract awards granted for marine developers, the tide is now turning on the future benefits from ocean power.  

Presented with the State of the Sector Report on a visit to Marine Energy Wales headquarters, First Minister Mark Drakeford said:  

“I am pleased to have met Marine Energy Wales and thank them for the work they do to support the development of the sector here in Wales.  

We are committed to making Wales a centre of emerging marine energy technologies as set out in our programme for Government, and have set up a Marine Energy Programme to deliver on this commitment.  

It is also vital that the UK Government fully supports the industry through its policies, to ensure that we can maximise the opportunities that are available. 

The report identifies key metrics outlining the benefits created by the marine energy sector across Wales. The key areas presented include: 

  • Investment 
  • Job creation 
  • Technology development  
  • Projected growth

The report is available for free online via the links below. If you would like a physical copy, please get in touch with us at