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Transactions - JUNE 6, 2022

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The Crown Estate commits €59m to accelerate U.K. offshore energy ambitions

by Andrea Zander

The Crown Estate has doubled its commitment to enable the coexistence of offshore wind farms with a thriving marine environment as the United Kingdom ramps up aspirations to accelerate homegrown energy independence.

Since the launch of the U.K. government’s British Energy Security Strategy — which raises ambitions for offshore wind generation to achieve up to 50 gigawatts by 2030 alongside commitments to environmental restoration — The Crown Estate has committed £25 million more (€29 million/$31 million) into its Offshore Wind Evidence and Change Programme, bringing the total investment intent to £50 million (€59 million/$63 million).

The program is gathering and harnessing the necessary data and evidence needed to propel forward the growth of U.K. offshore wind at pace, while maintaining clean, healthy, productive and biologically diverse seas. It is being delivered in partnership with the Department for Business, Energy and Industrial Strategy (BEIS), and

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