Report: UK offshore wind supply chain has £92 billion potential for UK economy by 2040

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The analysis finds that targeted intervention in the UK supply chain has the potential to bring £92 billion of GVA into the economy.

Official Press Release Offshore Wind Industry Council (OWIC):

Offshore Wind supply chain has £92 billion potential for UK economy by 2040

Growing the UK’s supply chain for offshore wind represents a £92 billion opportunity to boost the UK’s economy by 2040, according to a report by the Offshore Wind Industry Council (OWIC) and the Offshore Wind Growth Partnership (OWGP). The report, entitled ‘Supply Chain Capability Analysis’ outlines key measures that industry and government can take to strengthen the UK’s offshore wind supply chain, and in doing so maximise socioeconomic benefits that offshore wind growth can bring to the UK.

The UK has the second largest installed offshore wind capacity in the world, with a government target to more than treble this capacity by 2030 to 50GW, including 5GW floating offshore wind. This expansion represents a significant increase in demand for equipment and services required to... ... More: Official Press Release Offshore Wind Industry Council (OWIC)

RenewableUK, OWIC, offshore, wind farm, floating, UK, economy, OWGP, analysis, key measures, supply chain, export, billion, job, opportunity

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