Senedd Cymru ‘Green Economy’ Report – Bute Energy responds

On March 14, Senedd Cymru’s Economy Committee published its report ‘Green Economy’, which a series of recommendations on the future of the renewable industry in Wales.

Members of the Committee made particular reference to the content of local supply chains, local ownership, and skills. Bute Energy has welcomed the report.

Bute Energy is developing the largest pipeline of onshore wind in Wales, capable of generating more than 2.2GW of clean energy by 2030, enough to power 2.25m homes and create up to 2,000 new jobs.

The company is backed by Copenhagen Infrastructure Partners and the Welsh Pension Partnership, meaning that local authority pension holders across the 8 member authorities will benefit directly from Wales’ clean energy mission.

Responding, Community Investment and Communications Director Catryn Newton said:

“Onshore wind not only represents the quickest route to the decarbonisation of Wales’ energy system, but also typically has higher levels of local and Welsh suppliers across the lifetime of the projects.

“At Bute Energy we’re working tirelessly to set a new standard for our projects – whether that’s our Net Zero Skills Strategy, how we deploy our potential £20m a year community benefit fund to benefit local communities, our social value in procurement standard.

“Our mission is not only to power Wales with clean energy but to maximise the investment in our clean energy transition to the benefit of Wales and our communities.”

Bute Energy states that its partnership with the Welsh Pension Partnership represents the most equitable form of community and shared ownership in Wales. Hundreds of thousands of Welsh pension holders will benefit from the transition to clean power.

The company will also invest up to 25% of its Community Benefit Fund to support local community energy schemes which it will gift to communities, local services and charities in the communities nearest its energy parks.