Peel Ports Group has announced a further £10m investment in its Great Yarmouth site, bringing total spending this year to £70m as it repositions the facility as the Port of East Anglia.

The company said the new funds will redevelop the Northern Terminal to support the next generation of major offshore wind projects across the region.

It added that the change reflects growth ambitions and marks the next phase of development for the port as an enabler of the UK’s energy transition.

Peel Ports said the move follows its commitment to invest millions this year to increase capabilities at the site, including £60m earmarked earlier in 2025 to transform capacity and improve efficiencies at the Southern Terminal.

The operator stated the investment will support hydrogen, carbon capture, offshore wind and nuclear projects for decades to come.

The site features one of the deepest non-tidally restricted facilities on the UK’s east coast and already services major infrastructure works such as Sizewell C and southern North Sea offshore energy projects.

Peel Ports added the name change aligns with the new Suffolk and Norfolk combined authority, which takes effect in early 2026.

“It’s fantastic to finally launch The Port of East Anglia and commit additional investment to enhance its operations,” said chief operating officer David Huck.

“We see this change as a reflection of our confidence in the wider region, as well as our long-term commitment to supporting the area’s growth,” he said.

“Great Yarmouth has – and continues to – play a crucial role in the UK’s energy transition and we’ve committed so much investment into the site to ensure we can deliver what is needed.

“We want to improve capabilities to ensure the town remains at the forefront of the energy sector for generations to come,” Huck added.

Peel Ports said the Port of East Anglia will be officially announced today at an event in Norwich supported by the East of England Energy Group, with more than 100 delegates expected.

Source: reNews