Story perspectives

UK Allocates £1.1 Billion for Offshore Wind, Critics Concerned

10/28/2025

33 4

Summary

Story summary

The UK government will allocate £1.1 billion annually for offshore wind.
Budget allocates £900 million for fixed turbines and £180 million for floating platforms.
Experts say this funding falls short of 2030 decarbonization target.
Critics say the funding will cover only about a quarter of eligible projects.
Minister Michael Shanks said the auction aims to secure clean power and reduce gas-price exposure, while the contracts-for-difference scheme mitigates risks for developers.

1 of 1

Story summary

The UK government will allocate £1.1 billion annually for offshore wind.
Budget allocates £900 million for fixed turbines and £180 million for floating platforms.
Experts say this funding falls short of 2030 decarbonization target.
Critics say the funding will cover only about a quarter of eligible projects.
Minister Michael Shanks said the auction aims to secure clean power and reduce gas-price exposure, while the contracts-for-difference scheme mitigates risks for developers.