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More than half of £50bn wind farm cash to go overseas 

Credit:  British companies to lose ‘green revolution’ work to foreign rivals | Emily Gosden, Energy Editor | The Times | Monday November 23 2020 | www.thetimes.co.uk ~~

Britain is forecast to miss out on more than half of the £50 billion investment in building offshore wind farms in its waters this decade, with the majority of orders for turbines and other equipment expected to go to factories and suppliers overseas.

A commitment to quadruple UK offshore wind capacity by 2030 was one of the key policy proposals outlined by Boris Johnson in his ten-point plan last week to cut emissions and create jobs. However, government figures predict that only about £20 billion of the investment will go to Britain.

Energy companies are expected to need to invest about £50 billion building new wind farms to hit the 2030 target. Although Britain has two blade factories, in Hull and on the Isle of

Source:  British companies to lose ‘green revolution’ work to foreign rivals | Emily Gosden, Energy Editor | The Times | Monday November 23 2020 | www.thetimes.co.uk

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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