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Green energy investment from the Wales Pension Partnership

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THE WALES PENSION PARTNERSHIP (WPP), a collaboration of the local government pension schemes in Wales, will invest around £68m into onshore wind Energy Parks being developed by Welsh renewable energy business Bute Energy.

Based in the centre of Cardiff, Bute Energy is making the Welsh weather work for Wales, developing onshore wind projects that will generate clean, green energy, supporting the Welsh Government’s target for electricity to be 100% renewable by 2035.

Bute Energy has a vision of a healthier, wealthier Wales that uses renewable energy generation as a positive power for this and future generations. The company is acting now, taking positive proactive steps to help address the climate emergency and the cost-of-living crisis, while investing in rural communities in Wales to help them have a healthy future.

Councillor Ted Palmer, Chair of the Wales Pension Partnership Joint Governance Committee

“We are at a critical time for society as we attempt to address climate change and the cost-of-living crisis, while creating green, skilled jobs. This investment in Bute Energy projects means that our members are contributing to addressing all of these issues while also retaining the wealth from renewable energy in Wales.

“This will deliver ethical investments and will contribute to the wellbeing of future generations in Wales – as well as meeting Welsh Government targets on local and shared ownership of renewable energy projects.”

Bute Energy’s Energy Parks and electricity grid projects are expected to attract up to £3bn of direct investment into Wales, delivering a material boost for economic growth and employment for the Welsh economy. The projects will generate jobs during their construction phase and skilled long-term jobs during their operational phase, at locations across Wales. In addition, we expect that Wales will also benefit from a significant number of indirect jobs associated with such investment.

Once operational, the Energy Parks are expected to deliver approximately £800m of Community Benefit Funding to the communities living closest to the projects and will generate enough clean, green electricity to offset more than 2.6 million tonnes of CO2 emissions a year – equivalent to c.7% of Wales’s total greenhouse gas emissions.

Oliver Millican, Chairman of the Bute Energy Group said: “We’re delighted to welcome this public sector investment in renewable energy in Wales. Public sector workers across the country are investing in projects that will generate clean, green energy that homes, businesses, schools and hospitals will need in the future. They arenot only investing in their future, but also the health and wellbeing of future generations in Wales.

“At Bute Energy our ambition is to power Wales with clean green energy, and empower our communities through investment, jobs, and skills. We share WPP’s values of long term, stable and sustainable investment.

“Just like Wales was at the heart of the first industrial revolution, it has all the natural resources, skills and innovative thinking to lead the Green Revolution. The Welsh Government is determined that the benefit, valueand wealth from this green revolution will come to and stay in Wales and this investment will help to guarantee that.”

The renewable energy projects that WPP is investing in will help deliver clean green energy to the people of Wales and beyond, addressing some of this generation’s biggest challenges and help to create a better world for future generations. This investment will contribute to the Welsh Government’s targets for electricity to be 100% renewable by 2035 and contribute to targets for 1GW of renewable electricity and heat capacity to be locally owned by 2030. There is wide political support in Wales for pension funds to invest in projects that respond to the climate emergency, with a Senedd debate and vote in May 2022 in favour of the divestment of public sector pension schemes from fossil fuels and stronger investment into the renewables sector.

WPP has been advised by independent clean energy asset manager Capital Dynamics and by the law firms TLT LLP and Burges Salmon LLP.

Copenhagen Infrastructure Partners (CIP), one of Europe’s biggest renewable energy investors, has previously announced that it is investing in the development of Bute Energy’s projects, and, through this transaction, WPP will now become a joint investor alongside CIP in Bute Energy’s Energy Parks.

 

Business

Pembroke South Quay boat shed expansion plans submitted

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A PADDLEBOARDING and canoeing company’s call for an extension to a boat shed at Pembroke’s South Quay, below its historic castle, has been submitted to county planners.

In an application to Pembrokeshire County Council, G Booth of Paddle West CIC, through agent James Dwyer Associates, seeks permission for an extension to the stone-built boathouse, adjacent to the cliff on South Quay fronting the Mill Pond, Pembroke.

A supporting statement says: “It is intended to erect a single storey ‘lean-to’ building, or ‘shed’ for the storage of boats, such as canoes and kayaks, and related equipment, on a vacant space adjacent to the existing stone-built boathouse.”

It adds: “The boathouse and the intended adjacent boat storage shed is located, as is to be expected, in close proximity to water, the Mill Pond. The Mill Pond is the main area of activity for Paddle West, a Community Interest Company, providing boating activities, kayaking, canoeing and paddle boarding, frequently for young people and families.”

It goes on to say: “It is intended that the structure would be lightweight, erected on the exiting hard standing. The ‘shed’ would be used for the storage of boats and related equipment.”

With regard to the historic setting, it adds: “Although the stone-built boathouse appears not to be listed, it is recognised that the walls above are listed and together they are a piece.

“Accordingly, through form and external materials proposed, timber cladding and profile sheet roofing, the aim is to ensure that the structure would be subservient and muted and not detract or compete with the visual aesthetic of the boathouse or historic walls. In effect the addition would blend into the background.”

The application will be considered by county planners at a later date.

The boathouse is sited near to the new Henry Tudor Centre in South Quay, which is due to open in Spring 2027.

The centre, expected to receive around 30,000 visitors a year, will tell the story of Henry Tudor, son of Pembroke, his Welsh ancestry and his impact on our national story, Welsh culture and our wider British heritage.

The restored derelict South Quay buildings will also house a new library and community café, and a healthcare, social services and supported employment facility in the adjoining premises.

 

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Business

Pembrokeshire hospitality rates relief scheme backed

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A WELSH Government-funded scheme to provide rates relief for hospitality businesses has been backed by senior Pembrokeshire councillors.

A report for members of Pembrokeshire County Council’s Cabinet at their March meeting said: “Welsh Government has introduced the Food and Drink Hospitality Rates Relief, this relief is aimed at eligible businesses in Wales in the food and drink hospitality sector for example, pubs, restaurants, cafes, bars and live music venues.

“The aim of the relief is to support eligible businesses to manage continued cost pressures. The relief will apply to all eligible occupied properties by offering a discount of 15 per cent on non-domestic rate bills for the period April 1 to March 31, 2027. The relief is capped at £110,000 per business across Wales.

“As this is a temporary measure, Welsh Government is providing the relief by reimbursing local authorities that use their discretionary relief powers under Section 47 of the Local Government Finance Act 1988.”

It concluded: “The food and drink hospitality rates relief 2026-27 requires the local authority to adopt a discretionary scheme [as outlined] and in accordance with the criteria and conditions specified in the guidance issued by Welsh Government.

“It is proposed that Cabinet resolve to adopt [the scheme] which can be applied to administer the relief. Welsh Government will reimburse local authorities for the relief provided in line with their guidance via a grant under section 31 of the Local Government Act 2003.”

Members backed the recommendation.

All eligible businesses must apply for this relief by the March 31, 2027, and an application form will be available on the council’s website from the April 1.

The maximum cash value of the rates relief allowed, across all properties in Wales occupied by the same business should not exceed £110,000. Businesses claiming the relief must declare that the amount being claimed does not exceed those limits.

 

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Business

Rosemarket Dawn Till Dusk golf club 18-hole plans lodged

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A CALL to extend a long-established Pembrokeshire golf club, bringing it up to a full 18 holes, has been submitted to county planners.

In the application, Mr and Mrs Young, through agent Preseli Planning Ltd, seek a change of use of land adjoining the Dawn Till Dusk Golf Club, Furze Hill Farm, Bastleford Road, Rosemarket, to form an extension to the existing golf course, along with landscaping and associated works.

A supporting statement through the agent says: “The application seeks full planning permission for the enlargement of the existing golf course to provide an additional six holes, to provide a total of 18 holes.

“The proposal would involve minor landscaping works to the fields and boundaries and the creation of a small number of ponds and bunkers. The extension would be located on land to the west of Furze Hill Farm and on the opposite side of the road to the existing golf course and clubhouse.

“An altered access to the land parcel is proposed as part of this application, which would provide an improved route for users crossing the public highway to avoid conflict with movements at the main entrance.

“The application site exceeds 1ha and therefore the proposal is considered major development necessitating a Pre-Application Consultation prior to formally submitting the planning application to the Local Planning Authority.”

It adds: “The existing golf course has operated in excess of 30 years and is popular with both visitors and locals. Club membership currently stands at approximately 350 and there is demand for enhancing the provisions of the course.

“The applicants’ sons have recently increased their involvement in the enterprise and in recent years wet winter months have necessitated the closure of the course, or parts of it, due to the ground becoming waterlogged, primarily due to the flat nature of the existing course.

“The extension would provide variation to the terrain, providing, dryer conditions, as well as the ability to alternate between the existing and proposed to maintain use, enhancing the viability of the enterprise.”

The application will be considered by Pembrokeshire County Council planners at a later date.

 

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