Today, 20 September 2019, the UK’s latest Contracts for Difference were announced, with strike prices that represent a 66% reduction in the cost of offshore wind since the first CfDs were awarded in 2015. Welcoming the news, RenewableUK CEO Hugh McNeal said, “Offshore wind will be the backbone of the UK’s clean, modern energy system and will supply at least a third of our power by 2030.”
This is the goal that has driven the development of the UK offshore wind sector deal, launched in April 2019 to formalise the Government’s commitment to offshore wind. The deal is far-reaching, drawing together ambitions for inclusivity, skills growth, regeneration, infrastructure, enterprise and exports. The scale of collaboration between Government, supply chain partners and industry/community groups has galvanised an already eager and energetic sector, underpinned the investability of new and future projects and signalled the UK’s determination to consolidate its place as a leading player in the global sector as it develops.
In April 2019 the UK government made an agreement with industry to do something historic: make offshore wind our future. And everyone can be part of it.
The sector is expecting to employ 27,000 people. Over the next decade, students currently being educated in schools, colleges and universities will join apprentices and experts from other sectors bringing their skills to create a diverse, exciting workforce.
Organisations specialising in innovation will be able to help make the industry a success with a £65b R&D investment. And companies that demonstrate their value within a strong, joined-up supply chain will grow their businesses both here in the UK and abroad.
“We are incredibly excited about the sector deal. We want to see increased UK content and a fivefold increase in exports and we want companies who can deliver that. We, along with our colleagues in BEIS, are keen to see a very good shop front for offshore wind in the UK. (Karl)
Coastal communities can join the towns and cities already reinvigorated by a sector that is harmonised with their maritime heritage.
And consumers will benefit from a highly investible industry and sustainable delivery systems.
It’s an opportunity for everyone. Read the sector deal to find out more or download our free infographic and screen savers here:
Special thanks to:
Clark MacFarlane, Siemens Gamesa
Celia Anderson, RenewableUK
Karl John, Department for International Trade
Zoe Keeton, innogy
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