Government boosts offshore wind investment at COP29

By Alex Funk2024-11-13T13:01:00

Large Wind Farm off the coast of Redcar, North Yorkshire, England, UK

Source: Shutterstock

Bonus scheme to fund up to £200m for projects, as Scottish Power seals deal for East Anglia TWO wind farm

The government has launched a bonus scheme to incentivise offshore wind development in coastal regions and oil and gas communities in the UK.

Announced by the prime minister at the COP29 summit, the scheme is designed to reward firms for green investment that accelerates the country’s transition to clean energy and creates jobs.

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