About 43% of the expenditure incurred in planning, building and running UK offshore wind projects goes to British companies, according to a new report.
The study, commissioned by Department of Energy and Climate Change, The Crown Estate and RenewableUK on behalf of the Offshore Wind Programme Board, said offshore wind is therefore on course to reaching a 50% goal of UK content.
It analysed data supplied from 10 UK offshore wind farms, accounting for almost 80% of the UK’s current operational capacity.
The report said in the past year alone an estimated £840m of investment in the UK’s offshore wind industry has been retained in the country.
Offshore Wind Industry Council co-chair Benj Sykes said: “By jointly committing to reporting on UK content, the offshore wind industry is showing how seriously it takes developing a strong and competitive UK supply chain alongside delivering clean affordable power to consumers.
“Offshore wind works, and with developers across the UK now reporting together on our contribution to the UK economy, we can more clearly demonstrate the value coming to businesses the length and breadth of the country. Already, we’re delivering 43% UK content, and are committed to increasing this level.”
Image: London Array (reNEWS)
Local content up for UK offshore
Report says 43% cost of planning, building and running projects stays home
By EBS