The UK government and its Great British Energy company will work with industry and the Crown Estate to invest £1 billion in offshore wind supply chains.
The investment will back manufacturing of turbines, floating platforms, HVDC cables and other technologies supporting offshore wind generation. It will also go toward upgrading port infrastructure at key industrial zones from Leith and Teesside to Great Yarmouth and Port Talbot.
Funding is made up of the £300 million announced by GB Energy in April, £400 million from the Crown Estate and £300 million being developed by the offshore wind industry to match fund government through the Industrial Growth Plan.
It will support thousands of additional jobs in the sector, as well as giving long-term industrial certainty to areas that might otherwise be hit by the loss of North Sea industry as oil and gas activity winds down.
Energy secretary Ed Miliband said the news marks “an unprecedented collaboration between public and private investors” that will “ensure that British companies and workers win the global race for clean energy.
“We are witnessing the coming of age of Britain’s green industrial revolution as we build this new era of clean energy abundance, helping deliver new jobs, energy security and lower household’s bills through our Plan for Change.”
At the Wind Power Finance & Investment Summit 2025, part of Solar Media’s Clean Power 2030 Summits, the Scottish government’s director of offshore wind Michelle Quinn will deliver a keynote address on the role of Scottish offshore wind in achieving clean power targets.
Other agenda highlights include The Future of Offshore Wind – Fixed vs. Floating Projects, looking at the lessons from the latest Contracts for Difference and Scotwind bidding rounds and how financing differs for floating and fixed offshore wind.
View the Wind Summit agenda and book your ticket here—use code SPP20 for a 20% discount.
Green hydrogen gets £500 million funding package
Co-located with the Wind Summit will be the Green Hydrogen Summit, connecting offtakers with industry leaders to scale green hydrogen.
The sector has just received a major boost from government in the form of a £500 million funding package for developing hydrogen infrastructure as part of the broader Plan for Change package.
The funding, detailed in the government’s Spending Review 2025, will be used to create the UK’s first regional hydrogen transport and storage network. This network will connect hydrogen producers with end users, including power stations and industry, for the first time.
A panel including William Lochhead, deputy director, head of hydrogen production, storage and industrial carbon capture business models at the Department for Energy Security & Net Zero and Emily Sidhu, managing director, banking and investments for the National Wealth Fund, will discuss how green hydrogen will play a vital role in achieving Clean Power 2030.
On day two of the event, Urbano Troncoso Pérez, executive director of structured finance at Santander, will discuss how to make hydrogen economically competitive, including using policy support mechanisms.
View the full Green Hydrogen Summit agenda and book tickets here. Use our code SPP20 for an exclusive ticket discount!
