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25 March 2026

Charting a Bold Course for Wales in Renewable Energy


R Parkinson

GUEST COLUMN:

Richard Parkinson
CEO
Inyanga Marine Energy Group

Inyanga logo boxed

As the CEO of Inyanga Marine Energy Group, I’ve had the privilege of witnessing the remarkable evolution of Wales’s renewable energy landscape. Over the years, our team has been driven by a steadfast belief: Wales possesses all the ingredients to become a global leader in sustainable energy.

The Welsh Renewable Energy Sector Deal signals a pivotal moment, not only for industry professionals like myself, but for every stakeholder invested in the nation’s prosperity.

The Sector Deal sets ambitious targets – 70% of Wales’s electricity demand to be met by renewables by 2030 and 100% by 2035. This will be achieved through a mix of innovative renewable energy technologies, spanning onshore and offshore wind (including floating wind), solar, marine (including tidal energy) and hydro power, unlocking 17.9 GW of renewable energy capacity. This is a bold move and one that reflects the determination and vision of the Welsh Government.

The Sector Deal aims to secure £46.9 billion of private investment and strengthen Welsh supply chains and workforce skills, creating new jobs across Wales.

The launch of the Sector Deal has been made especially topical by the conflict in the Middle East and the impact on oil prices. It is a stark reminder of the vital economic importance of growing our own renewable energy industry to safeguard our energy security.

At the launch event for the Sector Deal at Morlais on Anglesey, attended by Rebecca Evans, Welsh Government Cabinet Secretary for Economy, Energy and Planning, the sense of resolve was palpable.

Crafted through collaboration between government, industry, academia, and local communities, the Sector Deal represents Wales’ determination to meet net zero targets while supporting regional growth and wellbeing. By integrating renewable technologies and prioritising community involvement, it ensures the energy transition is just and inclusive. This means not only cleaner air and water, but enhanced opportunities for local people. Environmentally, it’s a promise to reduce emissions and foster biodiversity, safeguarding our coastlines and countryside for future generations.

At Inyanga Marine Energy Group, our mission has always been to harness the power of the sea in ways that are both innovative and responsible. Our flagship project, a 30 MW tidal energy project deploying our HydroWing technology at Morlais on Anglesey, exemplifies what can be achieved when vision, expertise, and local engagement converge. Managed by the social enterprise Menter Môn, Morlais is the world’s largest consented tidal stream energy demonstration zone, and it’s enabling dozens of developers, including our own team, to deploy cutting-edge turbines and arrays.

The Welsh Sector Deal’s emphasis on partnership reflects the recognition that innovation thrives in an ecosystem of shared learning and collective ambition. Inyanga Marine Energy Group works closely with government agencies, research institutions, and fellow developers – sharing insights, de-risking new technologies, and championing best practices.

In line with the principles of the Sector Deal, we are deeply committed to collaborating with Welsh universities, training local engineers, and supporting supply chains that keep the benefits close to home.

For instance, our collaborative initiatives with Bangor University have yielded promising advancements in turbine efficiency and environmental monitoring. We also participate in industry forums and public consultations to ensure our projects align with community values and expectations.

Ultimately, it’s this spirit of collaboration that underpins the Deal’s success; together, we are forging a legacy that will benefit Wales and the wider UK for decades to come.

While the Sector Deal is a milestone, it’s certainly not the end of the journey. There are real challenges ahead, ranging from regulatory hurdles and financing constraints to the need for grid infrastructure upgrades. As CEO, I’m acutely aware of the importance of maintaining momentum, addressing stakeholder concerns, and ensuring that innovation doesn’t outpace responsible development.

Yet, with challenge comes opportunity. The global appetite for clean energy is growing, and Wales is uniquely positioned to respond. Marine renewables, offshore wind, and solar have the potential to attract further significant investment and establish Wales as a testbed for world-leading solutions. The Sector Deal also opens doors for cross-border collaboration, export opportunities, and the creation of high-value jobs across the supply chain.

Looking to the future, I am filled with optimism. The Welsh Renewable Energy Sector Deal has set in motion an ambitious plan, one that will redefine the energy landscape and strengthen Wales’ role on the global stage.

Together, we can build an environment where innovation flourishes, partnerships deepen, and every citizen benefits from the promise of a cleaner, greener tomorrow. The journey ahead will require dedication, adaptability, and courage, but with the Sector Deal as our blueprint, I am confident that Wales will rise to the challenge.



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