UK and Sumitomo Corporation's GBP 7.5 Billion Investment for Clean Energy
Key Ideas
  • Sumitomo Corporation plans to invest GBP 7.5 billion in UK infrastructure and renewable energy projects by 2035, focusing on offshore wind and hydrogen initiatives.
  • The UK government highlights the importance of clean energy and decarbonisation, designating it as a priority sector in the country's new industrial strategy.
  • Major projects like the Galloper and Five Estuaries offshore wind farms are among the initiatives benefiting from this investment.
  • The UK is set to open the Contract for Difference Allocation Round 7 in August, demonstrating a commitment to supporting the growth of the clean energy sector.
The UK government and Sumitomo Corporation have entered into a significant agreement where the corporation will invest GBP 7.5 billion in infrastructure and renewable energy projects in the UK by 2035. This investment will particularly target offshore wind and hydrogen projects, aligning with the UK's emphasis on clean energy and decarbonisation. Sumitomo Corporation expressed its commitment to driving growth in the clean energy sector of the UK. Projects like the Galloper and Five Estuaries offshore wind farms are key beneficiaries of this investment. The Minister for Investment, Baroness Poppy Gustafsson, sees this collaboration as a testament to the confidence in the UK economy and its industrial strategy. The UK government is gearing up to launch the Contract for Difference Allocation Round 7 (AR7) to further support clean energy initiatives. Additionally, a GBP 350 million Supply Chain Investment Programme is being established to boost the construction of infrastructure for offshore wind projects, indicating a strong push towards sustainable energy development in the UK.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.