15 Sep 2010 12:09:04
Wales 'poised for £50 billion of renewable energy investment'
Wales could receive significant benefits from the development of the renewable energy industry, according to the Welsh Assembly Government (WAG).
Speaking at an energy summit in Tredegar, first minister Carwyn Jones, said that the government would be working closely with industry to encourage the development of low carbon energy sources.
"The next 15 years could see some £50 billion plus of investment in energy projects in Wales," Mr Jones said.
Environment minister for the WAG Jane Davidson added that she believed it was possible that by 2025, the amount of energy produced in Wales from renewable sources could double.
Ms Davidson claimed that 40 percent of this would be from wind power and a further 40 percent from marine sources, with "the rest mainly from sustainable biomass power or smaller local heat and electricity generation projects".
By the year 2050 at the latest, the assembly government hopes to produce all electricity, heat and transport energy needs from renewable sources, which it claims can be achieved because of "Wales' natural advantages".