The Minister for Energy Security and Net Zero, Graham Stuart, has underlined the commitment to continue to work closely with offshore sector to deliver more jobs and investment into the UK.

Speaking at the opening of RenewableUK’s Global Offshore Wind 2023 conference in London, he told delegates: “While our flagship Contracts for Difference scheme has been immensely successful to date and much repeated around the world, we aren’t resting on our laurels. We want to ensure we have resilient and innovative supply chains. That’s why we’re looking at ambitious reforms to the CfD to ensure that it continues to provide sustainable prices for future projects, so that developers have the confidence to invest in infrastructure for the long-term.”

RenewableUK’s chief executive Dan McGrail added: “In spite of an oft repeated narrative that the UK has missed out on supply chain opportunities, we are seeing some world-class innovation happening which is positioning the UK as a global leader in many fields…The nine biggest market segments against which the UK has its strongest positioning have a combined addressable GVA potential in the hundreds of billions to 2040. This is real value we can create and capture in the UK and are already doing so, and we are working with Minister Stuart and his team to see how we can do more of this and raise our ambition further”.

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