£900m invested in UK offshore wind manufacturing

Analysis by RenewableUK shows that major investment announcements totalling over £900m in new factories have been made so far this year in the UK’s offshore wind manufacturing sector – the highest annual amount since the industry began in the UK in 2000.

In the latest in a series of major UK offshore wind manufacturing announcements this year JDR Cables unveiled plans to build a new factory in Cambois near Blyth in Northumberland as part of an investment of £130m.

As part of the offshore wind industry’s commitment to increase UK content to 60 per cent by 2030, grants and business support worth £4.5m have been awarded so far this year to 76 supply chain companies by the Offshore Wind Growth Partnership, a £100m fund set up by the industry and delivered by the Offshore Renewable Energy Catapult to expand existing companies and attract new entrants into the sector.

The Government is playing its part with an Offshore Wind Manufacturing Investment Support scheme which offers grants to companies making strategically important components such as blades, towers and cables.

RenewableUK’s CEO Dan McGrail said “This record year of over £900m of investment in major British offshore wind manufacturing plants shows that the 2020s is the decade of delivery for the UK’s offshore wind sector. The offshore wind industry is making good on its commitments to create tens of thousands of jobs and attract billions in investment in state-of-the-art factories around the country. 26,000 people already work in this sector and that’s set to increase to 69,000 over the next five years.”

    Share Story:

Recent Stories