UK remains the world's leading market for wind energy investment

by Search Gate staff. Published Wed 12 Nov 2014 12:52, Last updated: 2014-11-12
The UK is a world leader with offshore wind
The UK is a world leader with offshore wind

The UK is the biggest market in the world for offshore wind and is on track to deliver over 10GW by 2020, according to the findings of a new report.

The new publication ‘UK Offshore Wind: Opportunities for trade and investment’ claims the nation’s offshore wind sector is the best positioned in the world and presents an investment opportunity of up to £21 billion by 2020.

Launching the UK Trade and Investment’s (UKTI) new report at the RenewableUK conference in Manchester today, Energy Secretary Ed Davey said the stuidy was groundbreaking in detailing the UK’s advantage on wind energy.

He added: “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.”

The UK consistently tops international rankings as the best place to invest in offshore wind and has been successful in attracting investment from across the globe. Existing UK businesses are world leaders in offshore wind project services for design, development, financing, construction and operation.



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