Offshore Wind Sector Deal
The Offshore Wind Sector Deal
This is the first Sector Deal for a renewable energy technology. It puts offshore wind at the centre of the nation’s clean, affordable and reliable energy system, almost quadrupling our capacity from 7.9 gigawatts now to at least 30 gigawatts by 2030, generating one-third of our electricity.
The UK is already the world leader in offshore wind, with more capacity than any other country, the biggest offshore wind farms and the most powerful turbines. The supply chain extends to every part of the country, and UK companies are already exporting our offshore wind products and services to more than 20 countries. With the Sector Deal now in place, those exports are set to increase fivefold in value to £2.6 billion a year by 2030.
The Sector Deal builds on our nation’s success, notably by the industry investing up to £250m to develop the UK supply chain, increasing productivity and fostering innovation. This includes an investment of up to £100m in a new industry programme, the Offshore Wind Growth Partnership, which will help UK companies seeking to grow their business in the rapidly growing global offshore wind market, as well as a new initiative to develop skills for the sector.
To discover more, please watch the video below.