Welsh marine energy project benefits from the UK’s first Energy Investment Portfolio as £240 million investment drive creates thousands of Welsh jobs

The Board of Trade met in Wales to launch £240 million worth of Welsh energy and infrastructure projects to global investors. The UK-wide Energy Investment Portfolio will be launched in Swansea. It aims to attract £35 million of potential investment in the Morlais Marine Energy Facility project in Anglesey. 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.”

http://www.marineenergywales.co.uk/welsh-marine-energy-project-benefits-from-the-uks-first-energy-investment-portfolio/