Govt rules out subsidies for offshore wind

Offshore wind developers are broadly supportive of the Government’s new permitting system for offshore energy, even though it won’t involve any financial support from the Crown.
The system largely resembles what was consulted on by the previous Labour government in August 2023 and will be implemented through legislation due to be introduced by the end of the year. The first round of applications could open as soon as late 2025, with permits distributed in 2026.