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£9.5 million EU investment will help Wales move towards a low carbon economy

Thursday December 6th, 2018

2 renewable energy projects will benefit from £9.5 million of EU funding, Finance Secretary Mark Drakeford announced yesterday (Wednesday Decemeber 5 2018), at an event to celebrate the impact of EU funds in Wales. Government Opportunities

The £14.4 million GSCS (generation storage consumption supply) scheme, will receive £9 million of EU funding.

It will use cutting-edge battery technology to generate and store electricity from renewable and low carbon sources, which will then be distributed to local businesses at a discounted rate.

GSCS will provide revenue-saving opportunities at sites in Blaenau Gwent, Caerphilly, Rhondda Cynon Taff, Pembrokeshire and Carmarthenshire.

The £0.9 million community solar energy storage scheme in Swansea – Swansea Community Solar Storage with Direct Local Supply – will receive £600,000 of EU funds to supply electricity to up to 300 local consumers.

Based at Wales’ first community-owned solar farm, the innovative scheme aims to create a larger local community energy model to support many more communities across Wales.

Speaking at the event in Cardiff, Professor Drakeford said:

“This investment is another positive example of how the Welsh Government is supporting innovative projects using EU funding and highlights the importance of securing replacement funding for Wales from the UK Government when we leave the EU.

We are committed to creating a sustainable low-carbon energy economy in Wales and aim to generate 70% of our energy from renewable sources by 2030.

These two projects will play an important role by supporting local businesses and communities to use renewable energy and help us achieve this goal together.”

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