LONDON, June 24 -- The government of the United Kingdom issued the following news:
* Over£100billionprivate investmentannouncedinto clean energythis parliament,followingrecentinvestment from Japan and Sweden
* It comes one year afterthe governmentlaunched itsModern Industrial Strategy
More than £100 billionin clean energy investment announcements has been secured sincethegovernment came to office,Energy Secretary Ed Milibandwillconfirmat London Climate Action Week,as he declaresBritain ispart of a global boom in clean energythat iscreatingjobs across the UKandboosting energy security.
It follows a recentannouncementofup to£9 billion investmentfrom Japan into the UK's offshore windindustry, andRolls-Royce SMRwinning a multi-billion-poundSweden nuclear export contractoff the back of the UK's pioneering SMR programme.Meanwhiletoday(Tuesday23June), National Gridconfirmed£1.2 billionofcontractstoupgrade1,000kmoftransmission lines.
This year's renewable auctions haveunlocked the largest chunk of private investmentthis parliament, with£27 billionmobilised in clean energy investment. $2 trillion investment is expected globally in clean energy this year.
Energy Secretary Ed Miliband said:
The UK's clean energy economy is booming. Today we announce we've passed the incredibly significant milestone of over £100 billion of private investment announced in clean energy since our government came to office. That means investment, jobs, growth.
The Energy Secretary istodaydue to speakalongside theUN Secretary General Antonio Guetteres, EU Energy Commissioner Dan Jorgensen and Executive Director of the IEA Fatih Birol at the Global Energy Transition and Electrification Summit.
Notes to editors
Theover£100 billionin private investmentannounced figurereflectssignificant capex announcementssince July 2024into UK clean energy plans and projects, regardless of whether the investment hasreached a final investment decision, or not.
This total excludes investment announced prior to July 2024 as well as accounting for double counting of specific projects across announcements.Further detail and explanationareavailable atSources - Clean Energy Homepage.
TheIEA World Energy Investment Report 2026reportsthatgloballyin 2026around USD 2.2 trillion is expected to go collectively to renewables, nuclear, grids, storage, low-emissions fuels,efficiencyand electrification, and some USD 1.2 trillion to oil, natural gas and coal.
Breakdown ofannouncedprivateinvestment
UK-wide/multiple region
Location
Project
Company
Clean energy type
Private investment value(£bns)
UK wide
Iberdrola UK capex plan
Iberdrola/Scottish Power
Renewables, grid
24.0
UK wide
Octopus capex plan
Octopus Energy
Clean energy projects
2.0
UK wide
Social housing retrofit
Barclays/Lloyds/NatWest/Rothesay
Social housing retrofit
1.7
UK wide
Hydrogen Allocation Round 1projects
10 projects
Hydrogen
0.4
UK wide
UK secured £7.5 billion Japanese investment in key growth sectors
Sumitomo Corp
Key UK infrastructure and clean energy projects
7.5
UK wide
OnPathcapex plan
OnPath
UK onshore wind, solar and storage capex
1.0
UK wide
Eelpowerbattery
Aware Super andEquitix
BESS
0.3
UK Wide
AR7 Fixed and Floating Offshore Wind projects
Multiple
Offshore wind
22.0
UK Wide
AR7 onshore wind and solar projects
Multiple
Onshore wind and solar
5.0
UK Wide
Hithium
Hithium
BESS
0.2
UK wide
National Grid Extended and upgraded 5-year Financial Framework
National Grid
Networks
40.0
UK wide
UK and Japan unlock significant inward investments totalling up to £9 billion in offshore wind
Multiple
Offshore Wind
9.0
UK wide
Macquarie capex plan
Macquarie
"Green infrastructure"
1.3
Scotland, Devon, GreaterManchesterand Wales
6 battery storage systems
Pulse Clean Energy
BESS
0.2
UK wide
UK solar portfolio
Environmena
Solar
0.5
England
Hybrid solar & storage
British Solar Renewables
Solar and storage
0.3
North EastandNorth West
Location
Project
Company
Clean energy type
Private investment value(£bns)
Teesside
SeAHwind manufacturing
SeAH
Offshore wind
0.2
Teesside
TeessideGigaParkbattery storage system
Natpower
BESS
1.0
Tyne
Port of Tyne Clean Energy Park
Port of Tyne
Ports
0.2
North WestEngland / Teesside(North East)
CCUS T1
CCUS investors
CCUS
8.0
Yorkshire & the Humber
Location
Project
Company
Clean energy type
Private investment value(£bns)
Doncaster, South Yorkshire, England
Thorpe Marsh Battery Energy Storage System
FidraEnergy
BESS
0.8
East Midlands
Location
Project
Company
Clean energy type
Private investment value(£bns)
Nottinghamshire, England
StaythorpeBattery Energy Storage System
EDF/Elements Green
BESS
0.1
East of England
Location
Project
Company
Clean energy type
Private investment value(£bns)
Thurrock, Essex
Thurrock Flexible Generation
StateraEnergy
BESS
0.4
Suffolk, England
Sizewell C
EDF, La Caisse, Centrica, INPP and NLF via Amber Infrastructure
Nuclear
1.1, 1.7, 1.3, 0.7
Norfolk
AMPYR Solar project
AMPYR Solar Europe
Solar
0.2
England(East Anglia)and Germany
TarchonEnergy Interconnector
Copenhagen Infrastructure Partners and Volta Partners
HVDC Interconnector
1.2
South Eastof England
Location
Project
Company
Clean energy type
Private investment value(£bns)
North Kent
Cleve Hill Solar Park
QuinbrookInfrastructure Partners
Solar deployment with battery
0.2
Bramley, Hampshire
Solar & BESS project
Cero Generation & Enso Energy
Solar & BESS
0.2
West Midlands
Location
Project
Company
Clean energy type
Private investment value(£bns)
Hams Hall andBerkswell
2 BESS projects
BW Group
BESS
0.5
Wales & Ireland
Location
Project
Company
Clean energy type
Private investment value(£bns)
Wales and Ireland
MaresConnectInterconnector
MaresConnectLimited
HVDC Interconnector
0.4
Pembroke, Wales
Pembroke Battery Storage Facility
RWE
BESS
0.2
Scotland
Location
Project
Company
Clean energy type
Private investment value(£bns)
North Sea, off east coast of Scotland
Green Voltfloating offshore wind project
Flotation Energy /Vargronn/Greenvolt
Floating offshore wind
2.5
South Lanarkshire/East Coast of Scotland (Kincardine, Fife)
Coalburn2/Devilla BESS
Copenhagen Infrastructure Partners
BESS
0.8
North Sea, off east coast of Scotland
Cerulean Winds/Aspen offshore wind project
Cerulean Winds/Aspen
Offshore wind
5.9
Kilrootin Northern Ireland to Hunterston in Ayrshire, Scotland
LirICinterconnector
LirICinterconnector
HVDC Interconnector
0.7
Cockenzie, East Lothian (Scotland)
Inch Cape reaching financial close
Red Rock Renewables/ESB
Offshore wind
3.5
Scotland
Nacelle & hub factory
Vestas
Offshore Wind
0.2
Eccles-Leitholm, Scotland
500 MW BESS project
Matrix Renewables
BESS
0.2
Disclaimer: Curated by HT Syndication.
