Kellie Beirne, director of the Cardiff Capital Region City Deal, said the areas in and around the Welsh capital have a "full suite" of investment opportunities totalling £15 billion, with the most exciting centred around the redevelopment of a former coal-fired power station.
Speaking to CoStar News at Mipim 2024, Beirne said CCR was attending the Cannes conference to "make its presence known and to share learning", as the group looked to speak with domestic and international developers and investors.
Included in the £15 billion of investment opportunities are infrastructure, housing and Grade A office accommodation developments, Beirne said. But she flagged the regeneration of Aberthaw Power Station in the Vale of Glamorgan as the most exciting of the bunch.
The plans to turn the site, which it bought for circa £8 million last March, into a green energy centre have a gross development value of around £750 million, with the group committing £30 million to demolish the power plant and fund remediation and redevelopment work.
Beirne said: "We've got a range of projects, from a project to invest in one of our major city ports to open up the export market; we've got projects in our valleys communities to help raise levels of digital connectivity. But with real investment options around our land supply, our housing market and our leisure and tourism industry.
"The one that I am really behind is the acquisition of a coal-fired power station in Cardiff Capital Region. It is 500 acres, it's got two National Grid sub-stations, it sits alongside the Severn River, so we've got tidal opportunities, and we are in the process of repurposing this as a new strategic energy hub because we believe in driving domestic energy capabilities."
Check out the video above to hear more from Beirne about Cardiff Capital Region's investment opportunities.