Smart Local Energy
The project aims to support energy projects across North Wales which will help achieve renewable energy and decarbonisation targets and have an element of local ownership. It will also help unlock private and community investment in new energy projects.
We are proposing to launch a fund to deliver the project early in 2024. We will announce further details in the upcoming months.
Local ownership is defined as assets owned by stakeholders located and operating in North Wales, whether that’s individuals, communities, businesses or other organisations.
Lead Sponsor:
Target Investment
£25m
Growth Deal£6.2m
Other Public Sector£75m
Private Sector£106.2m
Total InvestmentWhich stage has the project reached?
The planning phase of the spending proposal. Assessing the strategic context for the project and demonstrating how it provides synergy with other projects within the portfolio.
Complete
The scoping phase of the project. Making the case for change and identifying the preferred way forward.
Complete
The planning phase for the project. Identifying the options that provide value for money, confirming the affordability of the project and determining the arrangements for the successful delivery of the project.
Complete
The Outline Business Case is presented to the North Wales Economic Ambition Board for approval. When approved the procurement phase of the project can begin.
Complete
The procurement phase of the project. Recording the findings of the procurement and confirming the management arrangements for the delivery, monitoring and evaluation of the project.
In Progress
The Full Business Case is presented to the North Wales Economic Ambition Board for approval. When approved the implementation phase of the project can begin.
The project implementation phase. The Full Business Case is used as a reference point to deliver the project and monitor progress.
The post project implementation stage. Evaluating how well the project was delivered and lessons learnt. The Full Business Case is used to determine the extent the anticipated benefits were delivered and realised.
