Crown Estate’s Revenue From Existing Offshore Wind Farms 20 Pct Higher, Operating Profit Dips As Round 4 Projects Enter Construction Phase
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The Crown Estate reported a decline in annual operating profit to GBP 1.2 billion (approximately EUR 1.4 billion) from GBP 1.4 billion (approx. EUR 1.6 billion) in the previous year due to lower offshore wind Round 4 option fee income, as the Round 4 projects started entering the construction phase. Excluding the Round 4 option fees, operating profit rose 5 per cent to GBP 370 million (approx. EUR 435 million), while revenue from existing offshore wind farms increased 20 per cent to GBP 117 million (approx. EUR 138 million)
These four paragraphs add more details.
Over the year, the Crown Estate returned GBP 487 million (approx. EUR 573 million) to HM Treasury, bringing total contributions to GBP 5.1 billion (approx. EUR 6 billion) over the past decade, according to its financial report released on 25 June.
Alongside the financial results, the UK seabed manager highlighted that offshore wind capacity in its waters has reached 13 GW, up from 12 GW, with 36 wind farms now operating in its marine portfolio.
The pipeline of offshore wind capacity has increased to 56 GW, with an expanding offshore leasing and development programme as early Round 4 projects enter construction.
In the Offshore Wind Seabed Leasing Round 4, held in 2021, the Crown Estate selected six projects, which signed their Agreements for Lease in 2023, kicking off the three-year period during which the developers were paying annual option fees.
In Offshore Wind In 2030 – Calculated June 2026, I showed that the offshore wind capacity will have increased to 56 GW, sometime in 2031-2032.
How Much Income Will There Be In 2027-2032 from UK Wind Farms?
I asked Google AI the question in the title of this section and received this answer.
UK wind farm industry revenues are forecast to surpass £6 billion annually heading into 2027, driven by expanding capacity and inflation-adjusted contracts. Between 2027 and 2032, overall sector income will scale rapidly as capacity aims to double and up to £5 billion is pumped into the supply chain.
The economic landscape for UK wind generation features the following financial projections and parameters:
Industry Revenue & Growth: The UK wind power generation market is projected to expand at a Compound Annual Growth Rate (CAGR) of over 15% through 2031. The rapid expansion of both onshore and offshore capacity will push total market revenues well into the double-digit billions by 2032.
Contract for Difference (CfD) Revenues: Wind farms are heavily shielded from market volatility by index-linked strike prices. For instance, recent offshore projects have secured delivery rates as low as $37.35 per megawatt-hour (MWh). Conversely, older assets are transitioning out of initial subsidy schemes, moving into merchant wholesale pricing or new contracts by 2027.
Macroeconomic Contribution: Every additional gigawatt (GW) of offshore wind capacity adds an estimated £2 billion to £3 billion to the wider UK economy.
The Crown Estate Earnings: Acting as the UK seabed manager, The Crown Estate generates significant income from offshore wind leasing, having reported operating profits of over £1.2 billion and planning to retain up to 60% of its revenue to reinvest in the energy sector.
Landowner & Community Economics: For utility-scale farms, participating landowners generally earn between 5% and 6% of the annual turnover from wind farms, equating to around £40,000 per year for a single large turbine. Domestic turbines can earn up to £702 annually under the Smart Export Guarantee (SEG), depending on the specific supplier tariff.
I believe that with a similar growth of solar energy, the renewable energy produced in the UK in 2032 will be beyond our wildest dreams.
Centrica Energy Agrees 10 Year Gas Supply Deal With Peyto Exploration & Development Corp
The title of this post is the same as that, as this press release from Centrica.
This is the sub-heading.
Centrica Energy has announced the signing of a long-term natural gas purchase agreement with Peyto Exploration & Development Corp., a leading Canadian natural gas producer.
These three paragraphs add more details.
Under the agreement, Peyto will deliver 50,000 MMBtu of natural gas per day to Centrica Energy over a 10-year period from 2029, equivalent to approximately five LNG cargoes annually.
Deliveries will be made at the NIT “AECO” hub operated by TC Energy in Alberta, Canada. The gas will be priced against the Title Transfer Facility (TTF), the benchmark for European gas markets. This agreement supports Centrica Energy’s strategy of strengthening its LNG portfolio through long-term, LNG-linked gas supply arrangements.
By linking feed gas pricing to European benchmarks and maintaining flexibility across global markets, the deal enhances Centrica Energy’s ability to manage market exposure and optimise its LNG portfolio.
It seems a deal that has been structured to avoid risk.
SSE Energy Solutions Powers Ascot’s Shift To Electrification With One Of UK Sport’s Largest Rooftop Solar Projects
The title of this post, is the same as that of this press release from SSE.
The press release starts with these three bullet points.
- System expected to generate approx. 569,000 kWh of renewable electricity annually, reducing reliance on fossil fuel power
- Installation to supply around 9% of Ascot’s annual electricity needs
- Helps improve energy resilience and cost predictability through on-site generation
These first two paragraphs add more details.
Ascot Racecourse has taken a major step in electrifying its operations with the completion of a large rooftop solar installation, delivered in partnership with SSE Energy Solutions and Ortus Energy. The system, installed across the 480-metre Grandstand roof, includes more than 1,200 solar panels and has a total capacity of 608.04 kWp.
Once fully energised, the project is expected to generate approximately 569,000 kWh of renewable electricity each year. The electricity will be used on site to help power race days, including Royal Ascot, as well as more than 180 non-racing events hosted at the venue annually. By generating electricity at source, Ascot can reduce its reliance on grid electricity generated from fossil fuels and strengthen the resilience of its operations.
The installation will meet around 9% of Ascot’s total annual electricity demand.
I have a few thoughts.
The Scheme Is Delivered Via A Long-Term Power Purchase Agreement
This is the last paragraph of the press release.
Delivered via a long-term power purchase agreement (PPA), the project requires no upfront capital investment from Ascot. SSE Energy Solutions funds the installation, while Ortus Energy designs, installs and operates the system — enabling Ascot to access renewable electricity with long-term price visibility and reduced exposure to volatile fossil fuel markets.
It looks like King Charles III, who owns Ascot racecourse, hasn’t had to put any cash up front.
What Is The Capacity Of Ascot Racecourse?
Google AI said this.
Ascot Racecourse has a maximum race-day capacity of 70,000 guests, which was reduced from 80,000 to manage crowd density and improve the overall customer experience. The venue is divided into several enclosures, each with its own limit to maintain a comfortable environment during premier events like Royal Ascot.
It may be only the third largest horse racing venue in the UK, but it is probably larger than most sports stadiums.
Which Other Stadiums Have Or Plan To Have Solar Panels In The UK?
A quick use of Google AI found these.
- Hampshire Cricket Stadium
- London Stadium
- Principality Stadium
- Queen’s
I suspect this list could grow fairly quickly.
Could SSE Be Using Ascot Racecourse To Sell Solar Roofs?
Consider.
- Ascot racecourse is one of the most prestigious venues in the UK.
- Ascot racecourse has its own dedicated railway station.
- There are twenty-six race days per year.
- Both codes of horse-racing are featured.
- Some meetings are followed by live music.
- I suspect flying drones about the stands to show off the solar panels could be arranged.
- Catering should be top notch.
- Everything for a high-class sales-presentation should be available.
Ascot racecourse could be an ideal venue to sell large solar roofs to owners of sports stadia or other large buildings.
Will The Real Andy Burnham Please Stand Up!
As I wrirw posts in the next couple of weeks, if I find Andy Burnham has said something about the subject, that is worth adding, I will add it.
TerraLithium, BHE Renewables Announce Key Milestones For Geothermal Lithium Project In California
The title of this post, is the same as that of this article on ThinkGeoEnergy.
This is the sub-heading.
TerraLithium and BHE Renewables have announced key milestones towards advancing technology for lithium extraction from geothermal brines in Imperial Valley, California.
This is the important paragraph in the article.
The business model of coupling lithium and critical minerals extraction with geothermal energy production is gaining increasing attention, both in the United States and in countries like Germany, France, and the UK. As demonstrated in the United Downs geothermal power project in Cornwall, lithium extraction provides additional revenue generation that can significantly improve the economics of deep geothermal projects.
So here we have little Cornwall showing Big California how to get power and lithium out of hot rocks.
In Cornish Plant Produces Geothermal Power, I described the progress at the Cornish plant in March.
Has Andy Burnham Ever Said Anything On Geothermal Energy?
Given that there is an election or coronation under way, I just had to ask Google AI, the question in the title of this section.
This is the answer I received.
Yes, Andy Burnham has occasionally engaged with topics involving geothermal energy, particularly in the context of tapping natural underground heat and mine water for green energy
His notable references to the technology include:
Supporting Manchester’s Geothermal Potential: He has voiced support for localized renewable heat projects, such as exploratory borehole plans in Manchester city centre intended to tap into thermal springs for community heating.
I think we can put that down as a favourable view.
This excellent article on the BBC is entitled Plan To Heat Manchester Homes With A Geothermal Spring, is worth a full read.
Andy Burnham and Highview Power
Highview Power are building their first commercial-scale liquid-air battery at Carrington in Greater Manchester.
I typed the title of this post into Google AI, to see if anything enlightening turned up.
This is what I found.
Mayor of Greater Manchester Andy Burnham has strongly championed the development of Highview Power’s pioneering £300m liquid air energy storage (LAES) facility in Carrington, Manchester. Burnham officially broke ground on the project, praising it as a massive boost for local green jobs and grid resilience.
The Carrington Project at a Glance
Location: Trafford Low Carbon Energy Park, Carrington, Greater Manchester
Capacity: 300MWh of storage and 50MW of output. The plant can supply clean power to roughly 480,000 homes.
Jobs: Created over 700 jobs in construction and the supply chain.
Technology: Stores excess energy from renewable sources (like wind and solar) as liquid air. It can hold energy for several weeks to release back into the grid when demand is high.
Andy Burnham’s Stance
Burnham views the Highview Power plant as a cornerstone of his plan to reindustrialize Greater Manchester and establish it as a global center of excellence for clean energy.
Hosting such advanced demonstration technology aligns perfectly with his Good Growth Fund and regional net-zero strategies.
Broader Significance
Backed by Centrica and the National Wealth Fund, the Carrington site is the first in a planned global rollout of large-scale, long-duration energy storage plants. Mayor Burnham officially broke ground on the facility, which remains on track to be fully operational in 2026.
Encomara’s Floating Wind Installation Technology Gets ABS Design Approval
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Encomara’s floating wind installation technology, Squid, has received Product Design Assessment (PDA) certification from the American Bureau of Shipping (ABS)
These three paragraphs add more details.
The PDA follows an Approval in Principle (AiP) granted by ABS in November 2025 and moves the system a step closer to commercial deployment, according to Encomara, as it advances the technology along its qualification pathway towards Technology Readiness Level assessment and market adoption.
The technology is developed by Encomara and manufactured by Aurora Energy Services (AES), which acquired the Aberdeen-based company in 2025.
Squid integrates pre-installed mooring lines and electrical connections into a single subsea unit, enabling floating wind turbines to be connected using a “plug-and-play” approach.
In some ways the project reminds me of a floating oil and gas production platform, on which I did the calculations.
But the Balaena Structures design never sold a platform and the company, which was based in Cambridge, folded.
Encomara have a web site, which is well worth a visit.
Does Floating Wind Power Have A Higher Capacity Factor Than Fixed Foundation Wind Power?
I asked Google AI the question in the above sub-title and received this answer.
Yes. Floating wind power typically achieves higher capacity factors than fixed-foundation wind power.
The main reasons for this performance edge include:
Stronger, More Consistent Winds: Floating platforms allow turbines to be placed much further offshore, where wind speeds are higher, steadier, and less turbulent.
Access to Deeper Waters: Over 80% of deep-water offshore wind resources exist in waters too deep for fixed-bottom structures.
Performance Comparisons: Fixed offshore wind turbines typically see capacity factors ranging between 45% and 60% (depending on the location), whereas floating installations can push past 60%. For instance, the Hywind floating wind farm in Scotland achieved a capacity factor exceeding 65% in its first months of operation.
Despite this higher generation yield, floating wind technology is generally more complex and features higher installation and capital costs than fixed-bottom turbines.
I also believe that some of the floating wind technology, lends itself to advanced production and installation methods.
Offshore Wind Could Help Create ‘Electric Shipping Highway’ Across Europe, Study Says
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
Offshore wind farms, energy islands, ports and proposed “Offshore Power Zones” could together form the foundation of an integrated maritime energy system capable of supporting large-scale vessel electrification across Northern Europe, according to a study by Maersk’s Stillstrom, Baltic Energy Island and the Port of Roenne.
This is a map from the report.
Note.
- In Investment in Grain LNG, I talked about Centrica and Grain LNG Terminal, Centrica’s plans for the terminal, which include bunkering.
- London Gateway and Immingham are two substantial ports on the East side of England.
Are English ports, except for the notable exception of Felixstowe, not shown on the map, because of Brexit?
These two paragraphs add some detail.
According to the findings, it is estimated that around 37,000 cargo vessels pass Bornholm each year, consuming approximately 3 million tonnes of marine fuel and emitting around 10 million tonnes of CO₂ annually. Full electrification of this traffic is estimated to require about 17 TWh of electricity per year, potentially replacing roughly EUR 2 billion in fossil fuel imports with domestically generated renewable power.
The whitepaper also introduces the concept of Offshore Power Zones (OPZs), developed by Stillstrom, which involves vessels accessing offshore wind-generated electricity at sea for battery charging or hotel loads. The report sees these zones linked with electrified ports to form an “electric shipping highway” stretching from the English Channel through the North Sea into the Baltic Sea.
Note that Bornholm is between Sweden and Germany.
Trump Administration Withdraws Appeal, Leaving Wind Energy Leasing And Permitting Freeze Vacated
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The Trump Administration has withdrawn its appeal of a federal court ruling that vacated the section of its January 2025 Presidential Wind Memorandum that halted federal leasing and permitting activities for onshore and offshore wind projects, leaving the court’s decision in place and the wind permitting and leasing freeze overturned.
These two paragraphs add more details.
The US Court of Appeals for the First Circuit has granted the federal government’s motion to voluntarily dismiss its appeal of a December 2025 ruling by the US District Court for the District of Massachusetts, which found the challenged section of the Presidential Wind Memorandum unlawful and vacated it in its entirety.
With the dismissal, the district court’s ruling remains in force, meaning the indefinite nationwide pause on wind energy leasing and permitting activities can no longer be enforced.
To quote one of my favourite accountants and a very good friend.
Trump has been screwed, glued and tattooed.
Thankfully, he also has appeared to have given up fairly quickly and has stopped throwing good money after bad.
GWEC Calls For Faster Offshore Wind Deployment As Global Capacity Nears 100 GW
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The Global Wind Energy Council (GWEC) has called on governments worldwide to accelerate offshore wind deployment and treat offshore wind projects as critical energy infrastructure, warning that a faster build-out is necessary to strengthen energy security and reduce exposure to future energy market shocks
These two paragraphs add some more detail.
The industry is approaching a major milestone of 100 GW of installed offshore wind capacity globally, according to GWEC’s 2026 Global Offshore Wind Report, released on 9 June at the APAC Wind Energy Summit in Hanoi, Vietnam.
The report shows that 9.3 GW of new offshore wind capacity was grid-connected worldwide in 2025, a 16 per cent increase compared to the previous year and the third-highest annual total on record. Global installed offshore wind capacity reached 92.5 GW by the end of 2025.
These are some points from the article.
- China remained the world’s largest offshore wind market in 2025, commissioning 6.6 GW of new capacity and increasing its total installed offshore wind capacity to 48.4 GW.
- Europe added nearly 2 GW across the UK, Germany and France, with the UK accounting for just over 1 GW of new installations.
- Despite the positive outlook, GWEC said project development continues to be hindered by permitting delays, grid constraints, supply chain bottlenecks and shortcomings in auction design.
- The average size of offshore wind turbines installed in 2025 exceeded 10 MW for the first time, reaching 10.3 MW.
It certainly looks like offshore wind power is going well.
The Anonymous Widower 