Work on a green power scheme set to create more than 1,000 jobs in construction has been brought one step closer.
The announcement comes after land for the project, in Holyhead, Anglesey, was handed over to developers Orthios.
Set to be built on the site of the former Anglesey Aluminium works, the scheme will include a £1 billion biomass plant.
Additionally, an innovative eco park will be built, which will use heat from the power station to produce food.
Some 1,200 jobs look set to be created during the project’s construction phase, for which outline planning permission has been granted.
A 17-year-old engineering apprentice has already been hired to work on the project, as well as a team of 20 full-time staff.
Much of the funding for the scheme will come from Chinese firm SinoFortune, which has pledged a total of £2bn.
This will help to finance the Holyhead project, and a similar scheme in nearby Port Talbot.
The biomass plant in Holyhead will generate electricity by processing waste wood.
It is said that its five power modules have the capacity to provide electricity for hundreds of thousands of homes each year.
Estimates suggest it could be up and running as early as 2017, with the Port Talbot works becoming operational three years later.
Many of the old industrial buildings that formed part of Anglesey Aluminium will be removed to make way for the project.
Ieuan Williams, leader of Anglesey Council, said: "This is an exciting and innovative project which has the potential to provide a significant boost to the local economy.
“The supply chain opportunities will also be there for local businesses, and we look forward to a continued partnership with the Orthios group to ensure these opportunities are maximised.”
Wales is expected to see the highest average annual growth in output of 7.1% over the next five years, according to CITB’s latest Construction Skills Network report.