• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Blue Chip Of Success
Editor's PickInvesting

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

You may also like

The V Reversal is Impressive, but is it...

May 9, 2025

US stocks open in the green: Dow jumps...

May 9, 2025

India offers 9% tariff cut to fast-track $129...

May 9, 2025

Panasonic to slash 10,000 jobs in 2025 amid...

May 9, 2025

CoreWeave eyes $1.5B bond raise to ease debt...

May 9, 2025

British Airways parent inks $13bn Boeing deal after...

May 9, 2025

Pi Network ranks 6th in Finland’s app charts,...

May 9, 2025

Asia markets close: Nikkei rallies, China slips despite...

May 9, 2025

Europe markets open: Stoxx 600 points up; focus...

May 9, 2025

Markets fall, defence stocks jump as Indo-Pak tensions...

May 9, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Join The Exclusive Subscription Today And Get Premium Articles For Free


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!

Recent Posts

  • The V Reversal is Impressive, but is it Enough?

    May 9, 2025
  • US stocks open in the green: Dow jumps over 100 points, Nasdaq up 0.6%

    May 9, 2025
  • India offers 9% tariff cut to fast-track $129 billion US trade deal

    May 9, 2025
  • Panasonic to slash 10,000 jobs in 2025 amid Japan’s economic downturn

    May 9, 2025
  • CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • About Us
  • Contacts
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy

Copyright © 2023 BlueChipOfSuccess.com All Rights Reserved.

Blue Chip Of Success
  • World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick