Tuesday 31 October 2023

Wales Pension Partnership invests in the development of onshore wind Energy Parks in Wales

The Wales Pension Partnership (WPP) will invest c.£68m into the development of onshore wind Energy Parks being developed in Wales, delivering ethical investments, and contributing to the wellbeing of future generations in Wales – as well as meeting Welsh Government targets on local and shared ownership of renewable energy projects.

This project will help deliver clean green energy to the people of Wales and beyond, addressing some of this generation’s biggest challenges and help to create a better world for future generations. This investment will contribute to the Welsh Government’s targets for electricity to be 100% renewable by 2035 and contribute to targets for 1GW of renewable electricity and heat capacity to be locally owned by 2030.

Once operational, the Energy Parks are expected to deliver approximately £800m of Community Benefit Funding to the communities living closest to the projects and will generate enough clean, green electricity to offset more than 2.6 million tonnes of CO2 emissions a year – equivalent to c.7% of Wales’s total greenhouse gas emissions.