Bridgend County Borough Council cabinet has had an update on the decision by the Japanese renewable energy specialists Marubeni Europower to pursue the project in Bridgend. The council’s cabinet heard how the company plans to invest £13m with another £13m coming from the Japanese government’s New Energy Development Organisation (NEDO).
The Cardiff Capital Region have also in principle agreed to consider the opportunity for investment on receipt of a detailed proposal. The Welsh government are reportedly also keen to see the project to fruition and are willing to support its development.
Bridgend County Borough Council will be signing a non-binding memorandum of understanding with the Marubeni Corporation in order to progress the project.
‘This is a fantastic opportunity for Bridgend County Borough to be a real leader in the field of green technology advancement and it’s great that the project will help to bring some significant external funding to the area,’ said Cllr John Spanswick, cabinet member for communities.
‘We are looking forward to working further with Marubeni and hope this plan can bring many benefits to not only Bridgend County Borough but Wales as a whole. This also reiterates our commitment to the Bridgend 2030 Net Zero Carbon strategy.’