The Gwynt Glas offshore wind project has today 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
Notes to Editors
About EDF power solutions UK and Ireland
EDF power solutions UK and Ireland (www.edf-powersolutions.uk) is a subsidiary of EDF Group, one of the world’s largest low carbon electricity companies, and our investment and innovation is reducing costs for consumers and bringing significant benefits for communities.
With our operating portfolio of 50 renewable energy sites including battery, onshore and offshore wind we are providing much needed affordable, low carbon electricity. We have an expanding portfolio of wind, battery and solar projects in planning, development and construction with plans to reach 10 GW by 2035.
About ESB
ESB was established in 1927 as a statutory body under the Electricity (Supply) Act, 1927. With a holding of 97.7%, ESB is majority owned by the Irish Government. The remaining 2.3% is held by the trustees of an Employee Share Ownership Plan. As a strong, diversified utility, ESB operates across the electricity market, from generation through transmission and distribution, to supply of customers in addition to using our networks to carry fibre for telecommunications.
Visit esb.ie to learn more about ESB.
About Sumitomo Corporation
Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising offices in over 60 countries and regions. The Sumitomo Corporation Group consists of approximately 500 companies and 80,000 employees on a consolidated basis. The Group's business activities are spread across the following ten groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Communication Services, Digital AI, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of "Enriching lives and the world," based on Sumitomo’s business philosophy passed down for over 400 years. Sumitomo Corporation