The UK Energy Secretary has pledged £1bn in supply chain funding to “bring offshore wind jobs to Britain” and “turbocharge the sector’s brilliant work” on the Industrial Growth Plan.
Ed Miliband said in his keynote speech at GOW 2025 on Tuesday that the cash boost would be provided by an “historic partnership” between London and the private sector.
Part of the spending commitment will come from plans announced by the Crown Estate earlier on Tuesday morning to inject £400m in ports and manufacturing, test and research facilities, including from the seabed landlord’s pre-existing £50m accelerator pot.
The remainder will be provided by the £300m allocated to Great British Energy in April to invest in domestic supply chains and a further £300m supplied by the offshore wind industry to match government through the IGP.
For the full story, read the second reNEWS Live @ Global Offshore Wind 2025 show daily (sponsored by SPIE Wind Connect) from the event in London.
Other stories inside include Great British Energy eyeing up co-investment in floating projects with several developers.
Readers of the show daily will also get the inside track on the conversations around the challenges facing the UK floating sector.
Orsted UK country manager Benj Sykes shares the latest on the future of Hornsea 4 and the government’s 2030 offshore wind target, while Vestas northern and central Europe president Nils de Baar weighs in on uncertainty around AR7.
HFW partner Richard Booth also shares his thoughts on how an unstable world is shaping offshore wind contracts.