The Gwynt Glas offshore wind project has announced a significant strengthening of its joint venture with Sumitomo Corporation joining as an equal partner alongside EDF power solutions UK and Ireland and ESB. Each partner now holds a 33.33% stake, while DP Energy continues to provide critical development support, leveraging its expertise in early stage project delivery and local engagement.
This strategic collaboration brings together three global leaders in renewable energy combining deep expertise in large scale development and delivery. The partnership positions Gwynt Glas to advance confidently through its next phases, reinforcing its role in delivering clean, homegrown energy for Wales and the UK while supporting energy security and economic growth.
Gwynt Glas is a proposed innovative floating offshore wind farm in the Celtic Sea. The up to 1.5GW project continues to make strong progress and successfully submitted its Scoping Report to the Planning Inspectorate this summer.
Matthieu Hue, CEO of EDF power solutions UK and Ireland said:
'We are delighted to welcome Sumitomo Corporation to the Gwynt Glas team. Their extensive global experience in offshore wind development and investment complements our own and ESB’s, creating a powerful partnership dedicated to delivering this vital project for Wales and the UK. We look forward to working closely with our new and existing partners.'
Jim Dollard, Executive Director, Generation Trading at ESB said:
'We are delighted to welcome Sumitomo Corporation to the Gwynt Glas project, and are looking forward to working with them together alongside our longstanding partners, EDF power solutions UK and Ireland. This marks another significant step at this stage of the project – one which is so important to us at ESB as offshore wind will be a cornerstone of the delivery of our net zero carbon emissions strategy.'
Jun Minase, General Manager, Overseas Energy Solutions SBU at Sumitomo Corporation:
'We are delighted to join the Gwynt Glas project. As a large-scale floating offshore wind development being advanced by EDF power solutions UK and Ireland and ESB, the Project represents an important opportunity to contribute to the energy transition. Leveraging our experience and expertise in both the UK market and the offshore wind sector, Sumitomo Corporation will work closely with its partners to support the successful development of the Project and enhance its long-term value. The United Kingdom remains an important strategic market for Sumitomo Corporation. Through this investment, we aim to contribute to the UK Government's Net Zero 2050 ambitions while supporting the energy transition and the realization of a more sustainable society.'
For more information about Gwynt Glas visit: www.gwyntglas.com
Source: Gwynt Glas
