Crown Estate devolution campaign and Welsh Wealth Fund advocacy
2025-07-01
Community Energy Wales has been at the forefront of campaigns to ensure that renewable energy development in Wales benefits Welsh communities rather than external investors. The NICW noted that only organisations like Community Energy Wales and Trydan Gwyrdd Cymru are developing shared ownership projects, while major developers show 'little appetite to share.'
Community Energy Wales's advocacy for a Welsh Wealth Fund modelled on Norway's sovereign wealth fund — funded by revenues from a devolved Crown Estate — represents one of the most ambitious policy proposals in the devolution debate. The argument is straightforward: Wales' wind, marine, and land resources are generating enormous wealth that currently flows to the UK Treasury and foreign investors; if the Crown Estate were devolved and a wealth fund established, this revenue could be invested in Welsh communities in perpetuity. The organisation calls for mandatory shared ownership provisions in all future renewable energy projects, citing Denmark's 2009 Renewable Energy Act (which requires 20% local ownership) as a model. This connects the devolution debate to a concrete economic vision: a Wales that owns its natural resources and uses them to fund public services, infrastructure, and community development. The NICW's description of the current situation as 'yet another chapter in Wales' long history of disinheritance of our energy resources' gives this advocacy powerful historical resonance.