UK Sets £1.08 Billion Offshore Wind Budget In 2030 Push

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The UK government has allocated £1.08 billion annually for offshore wind projects, aiming to boost clean power capacity and decarbonize the electricity grid by 2030.

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Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%

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The UK government will offer an annual £1.08 billion support budget for new offshore wind projects under its next renewable electricity auction, with £900 million dedicated to fixed-bottom developments and another £180 million for floating offshore wind farms to be delivered from 2028, the Independent reported. The government said the expanded budget aims to spur investment in clean power capacity as part of its wider ambition to decarbonize the UK’s electricity grid by 2030, cut household bills, and strengthen energy…

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Original article published by OilPrice.com on October 27, 2025.
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