Wales’ marine renewable energy sector delivered almost £30 million to the Welsh economy during the 2023/24 financial year. That’s according to Marine Energy Wales’ 2024 State of the Sector Report, published this week.
Key Findings:
- Total cumulative spending and investment related to the sector in Wales has now reached a huge £292.9 million.
- Despite a significant slowdown in spending compared to last year, 2023/24 is Wales’ second highest annual spend since we began producing the report in 2019.
- Anglesey leads the way with an impressive £103.8 million now invested in the sector, followed closely by Pembrokeshire with £97 million.
- Tidal stream is by far the biggest contributor, injecting £116.1 million into the Welsh economy to date.
The Marine Energy Wales 2024 State of the Sector Report showcases the impressive progress and achievements of Wales’ marine renewable energy sector and includes exclusive features and articles from members of Marine Energy Wales.
Read the full report via the following link: https://lnkd.in/gyrKPCgc