Finance
UK's Crown Estate to invest up to 400 million stg in offshore wind
Published by Global Banking & Finance Review®
Posted on June 17, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 17, 2025
2 min readLast updated: January 23, 2026
The Crown Estate will invest £400 million in the UK's offshore wind supply chain, enhancing ports and infrastructure to support renewable energy goals.
By Nina Chestney
LONDON (Reuters) -King Charles III's Crown Estate, which owns Britain's seabed, said on Tuesday it will invest up to 400 million pounds ($543 million) in the country's offshore wind supply chain.
The investment is intended to support the construction of new infrastructure, including ports, supply chain manufacturing, and research and testing facilities, to enable the deployment of offshore wind across Britain, it said.
One of the barriers to further deployment of offshore wind is insufficient supply chain capacity. Britain plans to largely decarbonise its electricity sector by 2030 and wants to increase renewable power, particularly offshore wind, to insulate it from fossil fuel price shocks.
The capital will be channelled through two programmes. A 350 million pound supply chain investment programme will be established to invest in the construction of new port and supply chain infrastructure.
The Crown Estate also has another 50 million pound programme which supports early-stage project development and that is currently running its second funding round to award up to 15 million pounds to also include UK ports and port-related infrastructure. That closes for applications on June 27.
Last month, the Crown Estate gave the go-ahead to expand capacity at seven wind farm projects on current seabed leases.
($1 = 0.7367 pounds)
(Reporting by Nina ChestneyEditing by Shri Navaratnam)
The Crown Estate will invest up to 400 million pounds ($543 million) in the offshore wind supply chain.
The investment aims to support the construction of new infrastructure, including ports, supply chain manufacturing, and research and testing facilities.
The capital will be channelled through two programmes: a 350 million pound supply chain investment programme and a 50 million pound programme for early-stage project development.
One of the barriers to further deployment of offshore wind is insufficient supply chain capacity.
Last month, the Crown Estate approved the expansion of capacity at seven wind farm projects on current seabed leases.
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