Finance
Britain gives $28 million grant to save Vestas Isle of Wight wind turbine factory
Published by Global Banking and Finance Review
Posted on January 28, 2026
2 min readLast updated: January 28, 2026
Quick Summary
The UK grants $28 million to save Vestas' Isle of Wight wind turbine factory, securing 300 jobs and shifting focus to onshore wind production.
UK Allocates $28 Million to Secure Future of Vestas Wind Factory
UK Government Supports Vestas Wind Turbine Factory
By Susanna Twidale
Impact on Jobs and Manufacturing
LONDON, Jan 28 (Reuters) - Britain will provide a 20 million pound ($27.56 million) grant to Vestas' Isle of Wight wind turbine plant, saving about 300 jobs, the government said on Wednesday.
Future of Renewable Energy in the UK
Britain's Labour government has a target to largely decarbonise its electricity sector by 2030, which will require a huge increase in renewable power, and hopes a clean energy revolution will boost the economy and create jobs.
Transition to Onshore Wind
The Danish wind turbine maker's facility had faced an uncertain future after demand ended for the offshore blades it produced, and logistical constraints prevented production of larger next-generation turbines at the site.
The grant will help the company repurpose the site to develop onshore wind turbines and secure the future of the factory, the government said.
"This will rebuild domestic manufacturing, strengthen energy security and support growth in onshore wind, which is needed to end the UK's dependency on volatile fossil fuel markets," Britain's Department for Energy Security and Net Zero said in a statement.
Vestas Senior Vice President Blades Manufacturing Ken Kaser said the move will position the site at the heart of the country's clean energy future.
($1 = 0.7256 pounds)
(Reporting By Susanna TwidaleEditing by Tomasz Janowski)
Key Takeaways
- •UK government grants $28 million to Vestas factory.
- •300 jobs saved at Isle of Wight wind turbine plant.
- •Focus shifts to onshore wind turbine production.
- •Boosts UK's renewable energy and economic growth.
- •Supports UK's decarbonization goals by 2030.
Frequently Asked Questions about Britain gives $28 million grant to save Vestas Isle of Wight wind turbine factory
1What is the main topic?
The UK government grants $28 million to Vestas' Isle of Wight factory to save jobs and support renewable energy.
2How will the grant impact the factory?
The grant will help repurpose the factory for onshore wind turbine production, securing its future.
3Why is this grant significant?
It supports the UK's decarbonization goals and strengthens energy security by boosting domestic manufacturing.
