Trending Now
UAE’s president bestows highest civilian honor on Trump
US military would be unleashed on enemy drones on the homeland...
House Dems open investigation into Trump’s acceptance of $400 million jet...
Dems divided on Trump’s executive order aimed at slashing drug prices
Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions
RFK Jr’s HHS to end routine COVID vaccine guidance for children,...
State Department confirms ‘constructive’ nuclear talks with Iran; Trump says deal...
GOP rebel mutiny threatens to derail Trump’s ‘big, beautiful bill’ before...
Rubio doubts ‘anything productive’ will happen in Ukraine peace talks without...
Far-left congresswoman revives ousted ‘Squad’ Dem’s reparations push for Black Americans:...
UAE’s president bestows highest civilian honor on Trump
US military would be unleashed on enemy drones on the homeland...
House Dems open investigation into Trump’s acceptance of $400 million jet...
Dems divided on Trump’s executive order aimed at slashing drug prices
Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions
RFK Jr’s HHS to end routine COVID vaccine guidance for children,...
State Department confirms ‘constructive’ nuclear talks with Iran; Trump says deal...
GOP rebel mutiny threatens to derail Trump’s ‘big, beautiful bill’ before...
Rubio doubts ‘anything productive’ will happen in Ukraine peace talks without...
Far-left congresswoman revives ousted ‘Squad’ Dem’s reparations push for Black Americans:...
Insider Dealing News
  • Stock
  • Investing
  • Politics
  • World News
  • Editor’s Pick
Politics

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
Trump claims ‘I don’t know her’ and ‘listened to’ RFK Jr about surgeon general pick getting MAGA pushback
next post
Why Asia is quietly turning its back on US dollar

Related Posts

PolitiFi cryptos today: TRUMP and MELANIA plunge, Truth...

May 13, 2025

China lifts ban on Boeing jet deliveries after...

May 13, 2025

The new face of war: global defence budgets...

May 13, 2025

Temporary tariff truce between US-China lifts industrial metal...

May 13, 2025

US-China trade truce lifts China’s economic outlook and...

May 13, 2025

Walmart to pass on tariff burden to shoppers,...

May 15, 2025

Two men, one turning point: Romania heads into...

May 14, 2025

Trump’s Middle East trip: is this the privatization...

May 13, 2025

Goldman Sachs, others boost S&P target as US-China...

May 13, 2025

China’s economy gets reprieve: tariff reduction boosts short-term...

May 13, 2025

PolitiFi cryptos today: TRUMP and MELANIA plunge, Truth...

May 13, 2025

China lifts ban on Boeing jet deliveries after...

May 13, 2025

The new face of war: global defence budgets...

May 13, 2025

Temporary tariff truce between US-China lifts industrial metal...

May 13, 2025

US-China trade truce lifts China’s economic outlook and...

May 13, 2025

Walmart to pass on tariff burden to shoppers,...

May 15, 2025

Two men, one turning point: Romania heads into...

May 14, 2025

Trump’s Middle East trip: is this the privatization...

May 13, 2025

Goldman Sachs, others boost S&P target as US-China...

May 13, 2025

China’s economy gets reprieve: tariff reduction boosts short-term...

May 13, 2025







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 InsiderDealingNews.com All Rights Reserved.

    Insider Dealing News
    • Stock
    • Investing
    • Politics
    • World News
    • Editor’s Pick