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The Welsh Government has initiated the Renewable Energy Sector Deal to unlock the full economic potential of renewable energy in Wales. The deal aims for renewable electricity generation to reach 70% of consumption by 2030 and 100% by 2035, with a minimum of 1.5 GW of locally owned capacity.

It focuses on accelerating onshore and offshore wind, solar, marine, and hydro deployment while enhancing supply chains and job creation. The Morlais tidal energy project in Anglesey, with an £8 million Welsh Government stake, will be Europe’s largest consented tidal project. The deal is expected to create 8,000 jobs and unlock £10 billion for Welsh businesses.