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flag The UK allocates £1.08B annually for offshore wind auctions starting 2028, aiming to boost clean energy and jobs, though funding may fall short of 2030 climate goals.

flag The UK has announced a £1.08 billion annual budget for its next offshore wind auction, with £900 million for fixed-bottom and £180 million for floating wind starting in 2028. flag Developers will bid for fixed-price contracts between November 11 and 17, aiming to accelerate clean energy deployment, cut household bills, and boost energy security. flag While officials may increase funding if needed, analysts warn current levels may only secure about 4.9 GW of new capacity—well below the 7–9 GW needed annually to meet 2030 decarbonization goals. flag A separate £25 million Industrial Growth Fund has also launched to expand domestic supply chains, targeting 10,000 new jobs and £25 billion in economic growth by 2035.

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