• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Investing

UK’s Crown Estate clears offshore wind expansion to raise energy output

by May 9, 2025
by May 9, 2025

To accelerate the UK’s energy transition and efficiently increase capacity, King Charles III’s Crown Estate, owner of Britain’s seabed, has approved the expansion of high-density wind farms on existing seabed leases.

The Capacity Increase Programme aims to add 4.7 gigawatts of capacity through seven projects, according to a Reuters report. These include RWE’s Rampion 2 and the joint venture of SSE and Equinor’s Dogger Bank D.

The UK has set an ambitious target to substantially decarbonise its electricity generation by the year 2030, marking a significant shift in its energy policy. 

A key component of this strategy involves a substantial increase in renewable energy sources, with a particular emphasis on offshore wind power. 

This focus on renewables is driven by a desire to enhance energy independence and provide a buffer against the volatile fluctuations of global fossil fuel prices, thereby ensuring greater stability and predictability in the nation’s energy supply. 

The transition towards a cleaner electricity sector is envisioned to play a crucial role in meeting the UK’s climate change commitments and fostering a more sustainable energy future.

Wind energy capacity

Britain plans to significantly increase its offshore wind energy capacity, aiming for up to 50 gigawatts (GW) of clean energy generation from this source by the year 2030. 

This target represents a substantial expansion from the current installed offshore wind capacity of approximately 15 GW. 

The development and deployment of this additional 35 GW of offshore wind capacity will involve significant investment in infrastructure, including the construction of new wind farms, the expansion of grid connections, and advancements in related technologies. 

This expansion is expected to play a crucial role in meeting the UK’s climate change targets, enhancing energy security, and fostering economic growth through the creation of new jobs in the renewable energy sector. 

The achievement of this 50 GW target would position Britain as a global leader in offshore wind power generation, contributing significantly to the overall global effort to combat climate change and promote sustainable energy solutions.

Grid connections and infrastructure

The Crown Estate announced that its Capacity Increase Programme includes seven projects situated within designated offshore wind areas. 

These projects benefit from existing grid connections and infrastructure, facilitating rapid deployment.

“Our purpose is to create lasting and shared prosperity for the nation. Offshore wind enables us to do that as a driver of economic growth through jobs creation and supply chain development,” Gus Jaspert, managing director, marine, at The Crown Estate was quoted in the report.

Jaspert added:

Delivering the Capacity Increase Programme is an effective way to provide up to four million homes with secure, clean energy and further decrease the UK’s reliance on fossil fuels, often sourced internationally.

Despite being the world’s second-largest offshore wind market in terms of capacity, behind China, Britain’s offshore wind sector is currently facing challenges due to increasing costs driven by high inflation and supply chain issues.

The post UK’s Crown Estate clears offshore wind expansion to raise energy output appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report
next post
British Airways parent inks $13bn Boeing deal after US-UK trade breakthrough: why it matters

Related Posts

Morning brief: Asian markets slide on trade fears,...

January 20, 2026

Trump threatens tariffs on French wine to push...

January 20, 2026

Indian stocks slump to three-month lows on weak...

January 20, 2026

From Greenland to canola: how geopolitics is changing...

January 20, 2026

RAPT Therapeutics shares surge 64% as GSK agrees...

January 20, 2026

Peter Thiel sells his Nvidia stake, cuts Tesla...

January 20, 2026

Could AMD stock really surge 348% by 2030?...

January 20, 2026

How Caterpillar stock stands to benefit from data...

January 20, 2026

German investment in US falls nearly 45% during...

January 20, 2026

Explosion reported at GTA 6 studio — further...

January 20, 2026

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Capital One to buy stablecoin fintech Brex for $5.15B in cash-and-stock deal

    January 23, 2026
  • Morning brief: Asian stocks rise after BOJ decision, TikTok seals US deal

    January 23, 2026
  • Silver within a whisker of $100/oz; gold nears $5,000—what’s behind the rally?

    January 23, 2026
  • CSG’s Amsterdam IPO puts Czech defence empire in Europe’s market spotlight

    January 23, 2026
  • Top 3 FTSE 100 Index shares to watch: Lloyds, Airtel Africa, EasyJet

    January 23, 2026
  • After the BitGo IPO, Ledger hires Goldman Sachs to go public

    January 23, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,898)
  • Editor's Pick (415)
  • Investing (404)
  • Stock (2,611)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

How AI and underground markets fuel a...

March 6, 2025

Reddit is attracting ad dollars: will RDDT...

May 3, 2025

Renault stock price: insulated from trade war,...

April 11, 2025