- Over £100 billion private investment announced into clean energy this parliament, following recent investment from Japan and Sweden
- It comes one year after the government launched its Modern Industrial Strategy
More than £100 billion in clean energy investment announcements has been secured since the government came to office, Energy Secretary Ed Miliband will confirm at London Climate Action Week, as he declares Britain is part of a global boom in clean energy that is creating jobs across the UK and boosting energy security.
It follows a recent announcement of up to £9 billion investment from Japan into the UK’s offshore wind industry, and Rolls-Royce SMR winning a multi-billion-pound Sweden nuclear export contract off the back of the UK’s pioneering SMR programme. Meanwhile today (Tuesday 23 June), National Grid confirmed £1.2 billion of contracts to upgrade 1,000km of transmission lines.
This year’s renewable auctions have unlocked the largest chunk of private investment this parliament, with £27 billion mobilised 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 is today due to speak alongside the UN 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
The over £100 billion in private investment announced figure reflects significant capex announcements since July 2024 into UK clean energy plans and projects, regardless of whether the investment has reached 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 explanation are available at Sources – Clean Energy Homepage.
The IEA World Energy Investment Report 2026 reports that globally in 2026 around USD 2.2 trillion is expected to go collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, and some USD 1.2 trillion to oil, natural gas and coal.
Breakdown of announced private investment
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 1 projects | 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 | OnPath capex plan | OnPath | UK onshore wind, solar and storage capex | 1.0 |
| UK wide | Eelpower battery | Aware Super and Equitix | 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, Greater Manchester and 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 East and North West
| Location | Project | Company | Clean energy type | Private investment value (£bns) |
|---|---|---|---|---|
| Teesside | SeAH wind manufacturing | SeAH | Offshore wind | 0.2 |
| Teesside | Teesside GigaPark battery storage system | Natpower | BESS | 1.0 |
| Tyne | Port of Tyne Clean Energy Park | Port of Tyne | Ports | 0.2 |
| North West England / 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 | Fidra Energy | BESS | 0.8 |
East Midlands
| Location | Project | Company | Clean energy type | Private investment value (£bns) |
|---|---|---|---|---|
| Nottinghamshire, England | Staythorpe Battery 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 | Statera Energy | 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 | Tarchon Energy Interconnector | Copenhagen Infrastructure Partners and Volta Partners | HVDC Interconnector | 1.2 |
South East of England
| Location | Project | Company | Clean energy type | Private investment value (£bns) |
|---|---|---|---|---|
| North Kent | Cleve Hill Solar Park | Quinbrook Infrastructure 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 and Berkswell | 2 BESS projects | BW Group | BESS | 0.5 |
Wales & Ireland
| Location | Project | Company | Clean energy type | Private investment value (£bns) |
|---|---|---|---|---|
| Wales and Ireland | MaresConnect Interconnector | MaresConnect Limited | 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 Volt floating offshore wind project | Flotation Energy / Vargronn / Greenvolt | Floating offshore wind | 2.5 |
| South Lanarkshire/East Coast of Scotland (Kincardine, Fife) | Coalburn 2/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 |
| Kilroot in Northern Ireland to Hunterston in Ayrshire, Scotland | LirIC interconnector | LirIC interconnector | 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 |
