The Welsh Government has taken an £8m equity stake in a project to ensure progress on the new Anglesey tidal scheme.
Owned and managed by Ynys Môn social enterprise Menter Môn, the scheme will be operational from 2026. The site has the potential to generate enough energy for up to 180,000 typical Welsh households, offering a ‘plug and play’ model for developers of tidal energy devices, it said
The move aims to help reduce costs as they scale up operations to generate clean electricity. The Welsh Government investment will help fund the Cydnerth phase of the project, which will see the grid connection strengthened at Parc Cybi, Holyhead.
Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said:
“We want to make Wales a world centre for emerging tidal technologies and we’re off to a good start on several fronts.“
“Our investment will support Menter Môn Morlais to scale up capacity, and develop an industrial cluster for tidal energy and innovation in North Wales, whilst delivering jobs and growth through its pioneering technology, keeping the value local.“This will further benefit clean energy suppliers of all sizes and position Wales at the forefront of the energy transition.”
Dafydd Gruffydd, Managing Director of Menter Môn said:
“We welcome the Minister’s announcement, which strengthens our ability to deliver clean energy and local jobs through the Morlais project. This funding supports our vision to position North Wales as a leader in tidal energy innovation, creating opportunities for growth and collaboration across the region.”
John Idris Jones, Chair of Menter Môn Morlais Limited added:
“This funding demonstrates the Welsh Government’s commitment to renewable energy and the significant role tidal power can play in our energy future. By supporting projects like Morlais, we are not only unlocking the potential of our natural resources but also laying the foundation for a resilient, green economy in North Wales.”
