Announcement
12 Mar 2026
In March 2026, the Welsh Government announced an investment of GBP 8 million in Marine Power Systems to support the development of deep-water offshore wind technology. The funding aims to commercialise the PelaFlex wind turbine platform and establish manufacturing capabilities in Wales.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
12 Mar 2026
Revocation date:
No revocation date
Announced: 12 Mar 2026
Equity stake
In force
On 12 March 2026, the Welsh Government announced a GBP 8 million (USD 10.7 million) direct equity support commitment to Marine Power Systems, a Swansea-based offshore wind technology developer. The fu...
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