£1bn investment in offshore wind supply chains unveiled

A PUBLIC-PRIVATE deal to drive £1 billion investment into offshore wind supply chains has been announced by the Government.

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Energy Secretary Ed Miliband said the “unprecedented” collaboration would help deliver clean energy jobs, energy security and lower bills, with investment in areas such as Teeside, Scotland, South Wales and East Anglia.

In addition to previously-announced funding of £300 million from publicly-owned Great British Energy, the Crown Estate has pledged £400m to support new infrastructure including ports, supply chain manufacturing and research and testing facilities.

And £300m from industry would match Government funding, to deliver investments into supply chains such as advanced turbine technology and offshore wind turbine foundations, the Department for Energy Security and Net Zero (DESNZ) said.