A Chinese investment firm has agreed to plough £2 billion into two projects to build innovative biomass combined heat and power (CHP) plants in Wales.
SinoFortone is backing the two projects, which are being developed by Orthios Eco Parks at Holyhead and Port Talbot.
Both plants will export electricity to the grid and waste heat to food production stations. SinoFortone's investment was confirmed during an official visit to the UK by Chinese President Xi Jinping.
At Holyhead, Orthios will construct at 299 MWe biomass power plant alongside the world's largest on-land prawn growing aquaculture facility and a large hydroponic indoor vegetable growing facility. The site will be based on five independent 60 MWe power modules that will gasify 1.5 million metric tonnes of biomass per year.
The Port Talbot site will comprise a 350 MWe biomass CHP plant based on eight 60 MWe power modules, the world's largest on-land fish growing facility and hydroponic vegetable growing plant.
Both sites will include research and development facilities and are due to be commissioned in 2018.