More than 10,000 homes could become “mini power stations”, fitted with green technology such as solar panels, heat pumps and Tesla batteries. Plans for the Swansea Bay City Region would see 3,300 new properties built and 7,000 retrofitted with equipment. The scheme, where homes generate their own energy and also send surplus to the National Grid is being piloted in Neath on a small scale. Ministers in Cardiff Bay and London will need to approve it. The Swansea Bay City Region is made up of the four west Wales local authorities of Swansea, Neath Port Talbot, Carmarthenshire and Pembrokeshire, with nine projects in total being taken forward as part of a £1.3bn city deal. It costs between £25,000 and £30,000 to retrofit a house, with a less comprehensive option estimated at £10,000. However, retrofitting those at Craigcefnparc would cost about £55,000 per property. The Welsh and UK governments are expected to provide £15m towards the £505m project, with £376m coming from the private sector through new-build and retrofit costs, and borrowing from social housing providers. Levering money from existing and new energy-efficiency programmes in Wales would bring in the remaining £114m.
BBC 12th June 2020 read more »