The joint government-industry Offshore Wind Sector Deal, which includes a commitment from government to provide over £4m will support British businesses in sharing their expertise globally on low-carbon power and benefit from new markets.
The announcement also included a commitment to continue supporting new offshore wind development with regular Contracts for Difference auctions, which provide a pathway to achieving 30% of the UK’s electricity from offshore wind by 2030. This will make a significant contribution to efforts to fully decarbonise the electricity sector.
Commenting on the announcement CBI Infrastructure and Energy Director, Tom Thackary said:
“The UK is a world leader in clean growth initiatives and technology. The Offshore Wind Sector Deal – a key part of the Government’s Industrial Strategy – reflects the importance of offshore wind as part of the country’s low-carbon power supply, and is great news for the sector’s future.
“We welcome the Government’s commitment to provide over £4 million to support British businesses share their expertise globally, and benefit from new markets.
“The Government must redouble its efforts to implement all parts of the Industrial Strategy, in order to boost productivity and prosperity across the UK for the long run. This includes more joined-up thinking and better co-ordination between government departments.”