The UK has more offshore wind turbines than the rest of the world put together alongside a pipeline of investment opportunity of up to £21 billion by 2020 and is on track to deliver over 10GW by then.
A new report, ‘UK Offshore Wind: Opportunities for trade and investment’, champions the UK as the best location in the world for trade and investment in the growing offshore wind sector.
The sector presents an investment opportunity of up to £21 billion by 2020, according to UK Trade and Investment’s (UKTI) new report.
Edward Davey MP, Secretary of State for Energy and Climate, said: “This unique collaboration between UKTI, The Green Investment Bank, The Crown Estate, RUK and the Offshore Wind Programme Board, sets out why the UK is the best place in the world for doing business in offshore wind.
“With a stable and predictable policy regime, with more installed capacity than any other country in the world, with operating capacity set to double by 2020 and with a growing supply chain capability, the UK represents a fantastic investment opportunity.”
UK as a world leader in offshore wind
The UK continually tops national rankings as the best country in the world to invest in offshore wind and has been successful in attracting investment from across the globe.
Suppliers like Siemens have already chosen the UK as the site for future world class manufacturing facilities, and there are great opportunities for further investment in the supply chain for offshore wind.
Existing UK businesses are world leaders in offshore wind project services for:
Gaining opportunities in offshore wind with Tracker
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Last updated on November 7th, 2019
Nov 13, 2014.