November 23, 2020
U.K.

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

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

[rest of article available at source]

URL to article:  https://www.wind-watch.org/news/2020/11/23/more-than-half-of-50bn-wind-farm-cash-to-go-overseas/