Decarbonisation of the UK’s electricity supply will require significantly increased deployment of offshore wind during the 2020s, representing potentially billions of pounds worth of investment into the UK offshore wind supply chain. However short-term policy, regulatory and funding issues are causing large numbers of offshore wind projects to be shelved, putting these benefits at risk.
The next government could reverse this trend by adopting a “commit and review” approach, guaranteeing a minimum market size for offshore wind during the 2020s provided the industry can deliver significant cost reductions.
This report makes five recommendations for how government could deliver this in practice.
William Andrews Tipper