Contact the Capital Investment team for more details about this opportunity

Opportunity Morlais Marine Energy Infrastructure Project

Menter Môn is offering an opportunity for investment into the development of a 35 million GBP marine energy infrastructure facility. This is an early stage opportunity to shape an emerging market project.

The developers will consider a variety of investor involvement to include equity partners, co-investment or development funding.

Contact the Capital Investment team for more details about this opportunity.

Location

Anglesey, North West Wales

Project promoter

Menter Môn Ltd

Scale

£35 million capex

Sector

Tidal stream electricity generation

Investment type

Equity

Project background

The 180 megawatt tidal stream energy facility will provide infrastructure and storage for electricity generated by independent tidal stream generators. The electricity will be delivered to the national grid for sale into the UK electricity market.

The project forms part of the Anglesey Energy Island programme which will create a world-renowned centre of excellence for the generation and transmission of low carbon energy. It is located in one of 3 priority zones in the UK identified by the Crown Estate for tidal stream energy development.

About the project

The Project comprises the development of 180 megawatt tidal stream energy infrastructure facility, located in North West Wales.

The facility will provide enabling infrastructure and energy storage for the transmission of electricity generated by independent tidal stream generators to the national grid, for sale into the UK electricity market.

The project’s business model is predicated on independent generators paying annual rent in lieu of the development and ongoing availability of the infrastructure. As a result, the project is separate from the generation or sale of tidal stream electricity.

The project forms part of the Anglesey Energy Island programme, which will create a world-renowned centre of excellence for the generation and transmission of low carbon energy.

The project is located in one of 3 priority zones in the UK identified by the Crown Estate for tidal stream energy development. It will benefit from the following attractive characteristics:

  • Project cashflows are de-linked from tidal generation capacity and technology risk.
  • The project is unique in its proximity to the UK distribution and transmission networks. Grid connection arrangements are in place with a baseline capacity in excess of 200 megawatts, underpinned by options to increase future capacity.
  • The project benefits from a 20 million GBP Welsh European Funding Office grant. This grant, which is contingent on residual project funding being secured, does not require repayment or return on investment.
  • A 45 year lease for the project was awarded to the Developers in April 2014. The zone extends to 35 square kilometres (13.5 square miles) of sea bed and can accommodate up to 240 megawatts of generation.
  • The project has support from a range of local stakeholders, including the Anglesey County Council, which established the Anglesey Energy Island programme.

Promoter and partnerships

Menter Môn is a company providing solutions to the challenges facing rural Wales. The company works with businesses and communities to deliver meaningful projects, that harness their strengths and contribute to a sustainable future.

To invest in the UK, get in touch with our team.

Find out more Morlais.