UK offshore wind projects secure £12 billion investment

The UK government has announced progress on two major offshore wind projects and highlighted new public and private investment in renewables ahead of COP31.

• RWE and KKR said they will invest £12 billion to advance Vanguard West and Vanguard East, with the projects expected to be operational by 2030 and construction offshore due to begin in early 2027.
• The projects are expected to support more than 2,400 jobs and power the equivalent of around three million UK homes; the financing includes a £1 billion investment from the National Wealth Fund.
• Separately, SSE said Berwick Bank B will support 2,677 jobs and includes 130 new project delivery roles in Glasgow and Montrose; Siemens Energy will manufacture turbines and substation platforms.