UK Marine Recovery Fund to boost offshore wind
The aim is to unlock electricity to power two cities the size of London while safeguarding marine biodiversity.
The UK Government states the Marine Recovery Fund enables offshore wind developers to pay into a government‑operated funding pot to deliver environmental compensatory measures to restore and protect marine habitats.
The government state the fund will unlock up to 19GW of offshore wind in the immediate term, providing the country with the homegrown energy to deliver ‘clean power’ by 2030.
Marine Minister Emma Hardy says, ‘We’re building the next generation of clean, homegrown power and boosting marine life through the Marine Recovery Fund.
‘Offshore wind is pivotal to achieving net-zero by 2050 and driving growth as part of our Plan for Change. Driving nature recovery and protecting the ecosystems that call Britain’s seas home is not a trade-off against clean energy, but a condition of delivery.
‘This approach creates a win-win by unlocking clean power through faster decisions and protecting our seas and extraordinary wildlife.’
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