Following the biggest ever UK renewables auction, the government said on Thursday the contract price for windfarms was nearly 6% lower than the previous auction, despite the rising cost of materials to build windfarms. A string of new contracts should add about 7 gigawatts of clean power capacity to Britain’s turbine fleet by 2026. The […]

Read More

The Crown Estate has announced a net revenue profit of £312.7 million for the financial year 2021/22 Results summary: Net revenue profit: £312.7 million generated for the public purse, which is £43.4 million higher than last year. Total return performance: 12-month total return is 12%, outperforming annual bespoke benchmark of 9.9%. On a three-year rolling basis, it […]

Read More

The Crown Estate has committed a further £25 million into its Offshore Wind Evidence and Change Programme, bringing the total investment intent up to £50 million.  There are 23 projects in the current portfolio representing £33milion of funding – £22million from The Crown Estate’s core investment fund, and £11million of co-funding or in-kind contributions. The […]

Read More

The cumulative effects of offshore wind on the marine environment alongside other human activities is the focus of a new initiative in the UK. The Ecological Consequences of Offshore Wind (ECOWind) research programme aims to help deliver policy-ready solutions that aim to enable offshore wind and thriving marine ecosystems to coexist and to promote environmental […]

Read More