The Wales Pension Partnership, in collaboration with Capital Dynamics, has invested approximately £68 million into a portfolio of onshore wind projects in Wales, aiming to significantly contribute to the region's renewable energy targets.

Information on the Target

The Wales Pension Partnership (WPP), a collaboration of local government pension schemes in Wales, has recently announced a significant investment into a portfolio of onshore wind projects in Wales, through a partnership with Capital Dynamics, an independent global private asset management firm. This initial investment from WPP amounts to approximately £68 million, aimed at enhancing the renewable energy landscape in Wales.

Once operational, this portfolio is projected to generate clean electricity sufficient to offset over 2.6 million tons of CO2 emissions annually, contributing substantially to regional sustainability efforts. It is expected to deliver around £800 million in Community Benefit Funding and align with the Welsh Government’s objective of achieving 100% renewable electricity by 2035, alongside a target of 1 GW of locally owned renewable energy and heat capacity by 2030.

Industry Overview in Wales

The renewable energy sector in Wales is experiencing robust growth, driven by government initiatives aimed at reducing carbon emissions and transitioning to sustainable energy sour