Electricity Generation: National Wealth Fund
The question
To ask the Secretary of State for Energy Security and Net Zero, pursuant to Answer of 6 February 2026 to Question 109497 on Energy: Manufacturing Industries, what estimate he has made of the additional electricity generation capacity resulting from investments made through the National Wealth Fund.
Answered by Michael Shanks
The UK's National Wealth Fund (NWF) has estimated that its portfolio of investments will deliver an additional 6.4 GW of clean energy generation capacity across solar, wind, nuclear, and other technologies. A significant portion of this comes from the Fund's commitment of up to £36.6 billion for the Sizewell C nuclear power station, which is projected to provide 3.2 GW of additional low-carbon baseload generation capacity by the mid-2030s.
NWF is also investing in the storage and transmission capacity needed to enable additional generation capacity, including investments to deliver 7 GW of distributed storage and 4 GW of transmission upgrades.
NWF recently provided investment in the Pentland Floating Offshore Wind Farm; a 92.5 MW demonstrator project to prove out a technology which has the potential to deliver 24 GW of clean generation capacity in Scotland alone. This investment was provided alongside Great British Energy (GBE).
GBE will play a key role alongside the National Wealth Fund in driving the private investment needed to deliver our Clean Energy Mission, with an ambition to deliver at least 15 GW in clean energy generation and storage capacity by 2030 - enough to power the equivalent of almost 10 million homes.
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