Offshore wind farm approval hailed as opportunity
White Cross, located 52km off the north Devon coast, will feature six to eight floating wind turbines, capable of powering about 135,000 homes, said developers Flotation Energy and Cobra.
The decision to bring the electricity cable from the 100 megawatt project ashore at Saunton Sands sparked significant backlash over environmental damage, disruption to tourism, and increased heavy vehicle traffic.
"In response to feedback, we have adapted our plans to minimise environmental and social impacts," said Sam Park, senior project manager.
North Devon councillors granted consent for the onshore infrastructure in May, while the Marine Management Organisation issued a Marine Licence for offshore construction on 16 July.
Mr Park said: "This is an important moment for the White Cross Offshore Windfarm, and for floating offshore wind in the Celtic Sea.
"This gives us a valuable opportunity to harness pioneering technology to help deliver the energy transition in the South West."
The windfarm's cables will land at Saunton Sands and run underground for five miles (8km) to a new substation near East Yelland.
The company said "advanced trenchless technology" will be used to avoid surface disruption in sensitive ecological areas such as Braunton Burrows Special Area of Conservation and the Taw-Torridge Estuary Site of Special Scientific Interest.
Work is expected to start on the cabling in 2027 and the wind farm in 2028, according the developers.
More news stories for Devon
Listen to the latest news for Devon
Follow BBC Devon on X, Facebook and Instagram. Send your story ideas to spotlight@bbc.co.uk.
Beach electricity cable plans approved
Controversial beach cable recommended for approval
Beach cable campaigners raise £10k for challenge
Related internet links
Flotation Energy
White Cross
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
European Undervalued Small Caps With Insider Buying To Explore In August 2025
In recent weeks, the European market has faced challenges as major indices like the STOXX Europe 600 and Germany's DAX have declined amid trade uncertainties and a stagnant economic environment. Despite these headwinds, opportunities may exist within small-cap stocks, particularly those with insider buying activity that can indicate potential confidence in their future prospects. Top 10 Undervalued Small Caps With Insider Buying In Europe Name PE PS Discount to Fair Value Value Rating Stelrad Group 13.1x 0.7x 36.95% ★★★★★☆ Instabank 10.2x 2.9x 23.48% ★★★★★☆ Lords Group Trading NA 0.2x 4.74% ★★★★☆☆ CVS Group 45.1x 1.3x 38.07% ★★★★☆☆ Yubico 33.6x 4.8x -33.06% ★★★☆☆☆ Oxford Instruments 40.1x 2.1x 18.51% ★★★☆☆☆ A.G. BARR 19.6x 1.9x 45.78% ★★★☆☆☆ SmartCraft 43.4x 7.8x 35.36% ★★★☆☆☆ Sabre Insurance Group 9.4x 1.7x -15.64% ★★★☆☆☆ Seeing Machines NA 2.8x 47.84% ★★★☆☆☆ Click here to see the full list of 51 stocks from our Undervalued European Small Caps With Insider Buying screener. Let's dive into some prime choices out of from the screener. Hollywood Bowl Group Simply Wall St Value Rating: ★★★★★★ Overview: Hollywood Bowl Group operates a chain of ten-pin bowling centers in the UK, focusing on providing family-friendly entertainment, with a market capitalization of approximately £0.60 billion. Operations: The company's revenue primarily stems from recreational activities, with the latest reported figure at £240.46 million. Over time, it has experienced fluctuations in its gross profit margin, which was 62.73% as of March 2025. Operating expenses and non-operating expenses are significant components of its cost structure, impacting net income margins that reached 11.89% in the same period. PE: 14.9x Hollywood Bowl Group, a small cap stock in Europe, shows potential for growth with earnings forecasted to rise 14% annually. Despite relying on more risky external borrowing for funding, the company reported sales of £129 million for H1 2025, up from £119 million the previous year. Net income slightly decreased to £20.6 million from £21.9 million. Insider confidence is evident with recent share purchases by executives in June 2025, reflecting optimism about future prospects amidst leadership changes and strategic initiatives. Get an in-depth perspective on Hollywood Bowl Group's performance by reading our valuation report here. Explore historical data to track Hollywood Bowl Group's performance over time in our Past section. Supermarket Income REIT Simply Wall St Value Rating: ★★★☆☆☆ Overview: Supermarket Income REIT focuses on investing in supermarket property assets and has a market capitalization of approximately £1.41 billion. Operations: Supermarket Income REIT generates revenue primarily from its investment in supermarket property assets, with a gross profit margin consistently at 100%. Despite fluctuations in net income, the company has experienced periods of negative net income margins due to significant non-operating expenses. Operating expenses are relatively low compared to revenue, with general and administrative expenses being a notable component. PE: 14.3x Supermarket Income REIT, a player in the European small-cap scene, recently completed a £250 million fixed-income offering with 5.125% senior unsecured bonds due in 2031. This move aligns with their strategy to bolster liquidity and manage debt efficiently. Insider confidence is evident as insiders have been purchasing shares over recent months, suggesting potential value recognition. Despite debt not being well covered by operating cash flow, earnings are projected to grow annually by 11.54%, indicating possible future growth opportunities for investors seeking undervalued prospects in the property sector. Click here to discover the nuances of Supermarket Income REIT with our detailed analytical valuation report. Examine Supermarket Income REIT's past performance report to understand how it has performed in the past. NCC Simply Wall St Value Rating: ★★★★★☆ Overview: NCC is a construction and property development company with operations in industry, infrastructure, building in Sweden and the Nordics, and property development; it has a market capitalization of approximately SEK 20.67 billion. Operations: NCC generates revenue primarily from its Industry, Infrastructure, Building Sweden, Building Nordics, and Property Development segments. The company's cost of goods sold (COGS) significantly impacts its gross profit margin, which has shown fluctuations over time with a recent figure of 8.78%. Operating expenses are consistently a notable component of the financial structure. PE: 12.5x NCC's recent activities highlight its dynamic role in construction across the Nordics, with projects like the SEK 400 million Stockholm building extension and a SEK 440 million police station in Sweden. The company's earnings for Q2 2025 showed sales of SEK 14.54 billion, slightly down from last year. Despite external borrowing risks, insider confidence is evident through recent share purchases. With projects like fossil-free steel production and infrastructure upgrades underway, NCC's growth prospects remain promising amidst its financial challenges. Dive into the specifics of NCC here with our thorough valuation report. Learn about NCC's historical performance. Next Steps Discover the full array of 51 Undervalued European Small Caps With Insider Buying right here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Ready For A Different Approach? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include LSE:BOWL LSE:SUPR and OM:NCC B. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Synthomer First Half 2025 Earnings: UK£0.22 loss per share (vs UK£0.18 loss in 1H 2024)
Explore Synthomer's Fair Values from the Community and select yours Synthomer (LON:SYNT) First Half 2025 Results Key Financial Results Revenue: UK£925.2m (down 9.8% from 1H 2024). Net loss: UK£35.9m (loss widened by 20% from 1H 2024). UK£0.22 loss per share (further deteriorated from UK£0.18 loss in 1H 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Synthomer Earnings Insights Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Chemicals industry in the United Kingdom. Performance of the British Chemicals industry. The company's shares are down 21% from a week ago. Risk Analysis You should learn about the 2 warning signs we've spotted with Synthomer (including 1 which shouldn't be ignored). Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Capita First Half 2025 Earnings: UK£0.066 loss per share (vs UK£0.47 profit in 1H 2024)
Capita (LON:CPI) First Half 2025 Results Key Financial Results Revenue: UK£1.16b (down 6.3% from 1H 2024). Net loss: UK£7.50m (down by 114% from UK£53.0m profit in 1H 2024). UK£0.066 loss per share (down from UK£0.47 profit in 1H 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Capita Earnings Insights Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom. Performance of the British Professional Services industry. The company's shares are down 19% from a week ago. Risk Analysis You still need to take note of risks, for example - Capita has 2 warning signs we think you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
