Growing the UK’s supply chain for offshore wind represents a £92 billion opportunity to boost the UK’s economy by 2040, according to a report by the Offshore Wind Industry Council (OWIC) and the Offshore Wind Growth Partnership (OWGP).
The Offshore Wind Industry Council reveals the potential of boosting the UK economy by £92bn through expanding its offshore wind supply chain, according to a new report.
Green groups have criticised the UK Government for failing to award any funding in the latest Contracts for Difference (CfD) auctions to offshore wind, warning that policymakers should be doing more to respond to supply chain challenges to accelerate renewables.
UK needs to rebuild investor confidence renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
The Government has confirmed a record number of clean energy projects receiving funding, but questions arise over the absence of offshore wind and overall project capacity.