Marine Energy Wales

Home » Welsh marine energy project benefits from the UK’s first Energy Investment Portfolio

Marine Energy Wales welcomes the recent announcement of the UK’s first Energy Investment Portfolio, worth an estimated £5 billion. The Morlais Marine Energy Infrastructure Project in Anglesey is one of eleven projects being offered to international investors.

The announcement was made by International Trade Secretary Liam Fox at the Board of Trade, which was held in Wales for the first time last week. The eleven new projects in the Energy Investment Portfolio will create jobs in the energy sector, increasing growth and prosperity and reducing energy costs.

Menter Môn’s £35 million Morlais project will be offered as an opportunity to investors in over 100 countries.

Gerallt Llewelyn Jones, SRO at Morlais said, “Menter Môn is working hard to bring this important industry to Wales and we are grateful for UK Government involvement and support as we seek to tie up capital funding.”

David Jones, Project Director at Marine Energy Wales added, “We welcome this positive move by the UK Government. Marine energy is already creating low carbon jobs in Wales and driving inward investment into peripheral economies. The Morlais project is key to delivering marine energy ambitions in Wales.”

Read more here.