The Swansea Bay City Deal’s Joint Committee has this week signed-off a detailed business case for the £60 million Pembroke Dock Marine project, which will now be submitted to the UK Government and Welsh Government for final approval.
The project that will place Wales at the heart of global marine energy innovation is seeking £28 million from the £1.3 billion Swansea Bay City Deal programme.
The collaborative project between the Port of Milford Haven, Marine Energy Wales, Wave Hub and the Offshore Renewable Energy Catapult is supported by Pembrokeshire County Council and will play a key role in increasing innovation and lowering the cost of marine energy.
Commenting on the progress, David Jones, Project Director of Marine Energy Wales, said,
“Marine energy is continuing to deliver new low carbon innovative jobs, providing supply chain diversification, clustering and coastal economic resilience. It is also driving international inward investment and providing Wales with exportable knowledge and skills.
“This project will support current wave and tidal stream-based activity off Anglesey and Pembrokeshire, wider marine energy plans in the Celtic Sea and beyond and play a role in the delivery of net zero 2050 targets. It will not just benefit Wales and the UK but play a global role in the need to move towards a low carbon economy.
“As the urgency to mitigate climate change grows, it is positive to see progress and we urge all involved in the City Deal to continue to deliver Pembroke Dock Marine”.