General – Investment
Peel Ports Group, the UK’s second-largest port operator, has announced a new £10 million investment in its Great Yarmouth site, which is being repositioned as the Port of East Anglia.
The newly announced £10m brings this year’s total investment to £70m across the site and will be used to redevelop the port’s Northern Terminal, helping to accommodate the next generation of major offshore wind projects across the region.
The change reflects the Group’s growth ambitions and signals the next phase of development for the port, which is a huge enabler of the UK’s energy transition.
Recognising Great Yarmouth’s long-standing role in supporting major offshore wind projects, the announcement follows Peel Ports Group’s commitment to invest millions into its operations to increase capabilities at the site.
