• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

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

by May 9, 2025
written 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 articles

Asian markets close: Nikkei, Kospi down; Sensex closes...

May 19, 2025

Qualcomm unveils AI chips for data centres with...

May 19, 2025

Best crypto to buy now: Bitcoin Pepe leads...

May 19, 2025

JPMorgan cuts Netflix rating, citing balanced risk-reward post-rally;...

May 19, 2025

Bitcoin ETF open interest dips 5% to $29.47B...

May 19, 2025

US stocks slip in the red on Monday:...

May 19, 2025

Should Klarna IPO remain on watch list after...

May 19, 2025

Why this brokerage downgraded UnitedHealth’s rating to ‘hold’

May 19, 2025

Nvidia opens NVLink Fusion ecosystem, expands Taiwan footprint...

May 19, 2025

Cathie Wood says Trump’s tariffs could unlock tech...

May 19, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Democrat godfathers make Biden offer they hope he can’t refuse

    July 19, 2024
  • Trump’s art of war: Win without fighting

    February 20, 2025
  • Federal judge temporarily blocks shutdown of US-funded radio network

    March 26, 2025
  • ChatGPT for Trading: Tips & Tricks

    August 6, 2024
  • JD Vance champions ‘roadmap’ toward US-India trade deal, says partnership critical to deterring ‘dark time’

    April 22, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,742)
  • Investing (624)
  • Stock (775)

Latest Posts

  • Trump’s ‘Art of the Deal’ diplomacy just delivered a global win—without a shot fired

    May 11, 2025
  • EURGBP and EURCHF: EURCHF is going lower and lower

    August 1, 2024
  • Dollar index ahead of Fed challenge and NFP report

    July 29, 2024

Recent Posts

  • Some local Teamsters groups announce Harris endorsements after national union declines to do so

    September 21, 2024
  • BofA double upgrades CH Robinson Worldwide to Buy: Should you invest?

    July 23, 2024
  • Judge blocks Trump admin from targeting Democratic law firm after attorneys warn of firm’s demise

    March 12, 2025

Editor’s Pick

  • Kamala Harris’ tough words on Iran confounds critics

    October 8, 2024
  • Israeli official warns ‘everything is on the table’ as IDF prepares response to Iranian missile attack

    October 6, 2024
  • Republicans weigh in on what they hope and expect to hear in Trump’s RNC speech: ‘This is his moment’

    July 18, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock