It aims to help tackle the cost of living and climate crises in a historic moment, says a minister.
It would be modelled on other state-owned firms currently operating in Wales.
Funds could be used for initiatives such as better energy efficiency measures like home insulation for communities living near the new windfarms, she suggested. The aim is for the new company to be set up by April 2024, with the first projects achieving planning consent towards the end of the decade. Renewable energy firms have been encouraged to develop on this land in recent decades, with four projects totalling 441 megawatts worth of onshore wind installed since 2005, and a further 134 MW still in development.
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