Plaid Cymru will today set out ambitious plans for a national energy company - Ynni Cymru, to be located on Anglesey, which they say will “boost the local economy” and “help Wales reach its climate change targets”.

The company would not act as an energy provider like Welsh Water, but would be a project development company, following a similar model to Transport for Wales or the Development Bank for Wales, who oversee and invest in the private sector.

Rhun ap Iorwerth, the Plaid Cymru candidate for Ynys Môn said: “I am delighted that a Plaid government would locate Ynni Cymru on Ynys Môn, where there is huge untapped potential in terms of natural resources and where local communities would benefit from the economic boost of a new development coming to the island.”

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Plaid say Ynni Cymru would lead development into zero carbon electricity generation, and map out an ‘energy atlas’- an inventory of areas of ‘green energy potential’ in Wales, in order to identify opportunities to develop new firms and community energy projects.

Mr Iorwerth, who is one of Plaid Cymru’s deputy leaders, said: “Tidal energy, off our southern and northern coasts, including the exciting projects off the Anglesey coast, would form a major part of this, as well as mapping green hydrogen potential and increasing offshore wind generation.”

Anglesey currently hosts the Morlais project, which creates energy through tidal steams involving three wind farms, and BP, with support from the Welsh Government also has plans to build an offshore wind farm near off the coast of Anglesey.

Plaid also said that they would be committed to ensuring all new renewable energy projects are “at least partly owned by local communities”.

Mr Iorwerth added: “These are ambitious but workable plans that will help Wales tackle the climate emergency whilst creating high-skilled, well-paid jobs as part of a sustainable economic recovery.”