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Offshore wind energy: grow your business in the UK
- highly skilled workforce
- opportunities across the industry
- strong government support
by UK offshore wind by 2020
The UK places highly in international rankings for the best place to invest in offshore wind. The industry has attracted investment from across the globe for related infrastructure and manufacturing.
Suppliers like Siemens and MHI Vestas Offshore have already chosen the UK as their site for future world class manufacturing facilities, and there are significant opportunities for further investment in the supply chain.
We already have 5.7 gigawatts (GW) of offshore wind installed or under construction. We’re on track to deliver 10GW by 2020 - this represents the largest expansion in any class of renewable energy technology in the UK.
We’re also home to the largest operational offshore wind farm in the world, London Array (630 megawatts). By 2020, we’ll have the world’s first wind farm generating over 1GW of energy, at Dong Energy’s Hornsea Project One located off the coast of Yorkshire. This wind farm will be capable of powering over one million UK homes.
With clusters of wind farms forming across the UK, we offer a competitive and innovative climate for offshore wind investment. The offshore wind sector currently employs around 15,000 people, with this number growing year-on-year as the industry develops.
Our rich history of working offshore means we have thousands of skilled workers. Their experience of working in other parts of the offshore energy sector ensures a smooth transition into offshore wind.
The biggest areas of UK offshore employment and expertise are:
- site planning and development
- construction and installation
- manufacturing and manufacturing design
- operations and maintenance
- specialised transport and other support services
Top universities like Manchester, Sheffield and Strathclyde all offer subjects which support students entering the offshore wind industry.
Companies in the UK benefit from specialist training providers, such as Maersk Training, Advanced Industrial Solutions and Siemens, that offer highly specialised training for the offshore wind industry.
The UK government has made a commitment to invest in offshore wind energy for generations to come. The current installed offshore wind capacity of 5.7GW is due to increase to 10GW by 2020, and then to increase by an estimated 10GW by 2030.
The UK enjoys a longstanding reputation for operating stable and predictable regimes to support investment in renewable electricity infrastructure. Contracts for difference (CfD) provide stable long-term revenues for offshore wind projects, giving certainty on returns for investors.
The government also has up to 50 billion GBP available to support finance and insurance for supplies from within the UK to buyers outside the UK. This support takes the form of guarantees, insurance and loans issued by its export credit agency, UK Export Finance.
We can help you grow your business in the UK
Whether you’ve already decided to grow your business here or you’re just starting your research, the UK government can help you make the right decision.
Research your industry
You should research your market to help you decide if the UK is the best place for your business. Contact our Investment Services Team to get market research and other expert help and advice.
Want to move your business to the UK?
You’ll need to follow several steps before moving to the UK, including applying for visas and finding the ideal location for your business. Read our UK setup guide.
The UK government can give you free help and support every step of the way. Contact us to find out more.