Analysis & Insight

The Economic Value of Offshore Wind: Benefits to the UK of Supporting the Industry

Published 28 March 2017

The UK offshore wind industry is going through a period of rapid cost reduction, brought about by innovative technological solutions and underpinned by a growing and maturing industry together with continued Government support. The UK Government is expecting not just clean energy capacity but also projects that deliver economic value to the UK. By looking at the relationships between revenue support and the economic benefits of an active UK supply chain, Gavin Smart and Miriam Noonan lay out the clear net benefit to the UK from investing in the offshore wind  sector – both to serve UK projects, as well as bolstering the potential to export skills, products and services to the global market.