UK-Japan offshore wind investment targets £9bn and 5.9GW
UK-Japan offshore wind investment could bring up to £9bn into 5.9GW of projects, with grid jobs, fusion research and str...
The clean-energy story inside the new UK-Japan package is bigger than the diplomatic optics. Ahead of the G7 in Évian-les-Bains, the UK government said agreements being advanced by Keir Starmer and Japan's Prime Minister Sanae Takaichi could deliver more than £18 billion in economic gains, with offshore wind carrying the clearest climate signal. The wider package stretches across infrastructure, finance, technology and life sciences in a relationship the government values at £140 billion. (gov.uk)
The main green pledge is an Offshore Wind Compact, developed with Great British Energy, that could draw up to £9 billion of Japanese investment into UK projects. Ministers say it would support 5.9GW of floating offshore wind, including schemes off Scotland's east coast and in the Celtic Sea, enough to power 8 million homes when those projects are built. For a country still exposed to swings in global fuel prices, that is the right direction of...