US EditionCrown Estate to build hundreds of giant wind farms off Cornish coast
- The Crown Estate plans to allocate up to £400 million towards developing the infrastructure and facilities that support the offshore wind industry in the UK through two newly launched funding initiatives.
- This investment is enabled by legislation passed in March 2025 that gives The Crown Estate new authority to make direct capital investments in offshore wind infrastructure.
- The £400 million includes a £350 million Supply Chain Investment Programme to develop port and supply chain infrastructure and a £50 million Supply Chain Accelerator for early-stage projects.
- Ben Brinded, who oversees investments at The Crown Estate, emphasized that realizing the full economic, social, and environmental potential of offshore wind depends on working together and increasing funding for the UK’s supply chain.
- This investment aims to accelerate offshore wind deployment, support the UK government's 50GW capacity target by 2030, and generate economic and environmental value within local communities.
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Crown Estate Invests Heavily in Offshore Wind Supply Chain
King Charles III’s property firm is to invest up to £400m of fresh capital into the UK’s offshore wind supply chain, it has been announced. The Crown Estate has earmarked £350m for investment into the construction of a new port and supply chain infrastructure it said would support “accelerated delivery of UK offshore wind projects.” The other £50m will support “early-stage project development,” delivered via a succession of funding rounds. Inves…
·London, United Kingdom
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