10-year programme to support offshore wind

The Offshore Wind Industry Council (OWIC) is launching a £100m, 10-year programme today to support the growth of UK businesses looking to capitalise on the huge opportunities offered by the growth in offshore wind around the world.

The Offshore Wind Growth Partnership (OWGP) initiative is a part of the recent Sector Deal between industry and Government, which will see at least 30GW of offshore wind installed by 2030, generating a third of the UK’s electricity (up from 8GW now). It will also see UK content in our offshore wind farms increase from 48 per cent currently to 60 per cent by 2030.

The programme is expected to support over 650 UK companies to access the domestic offshore wind market, as well as creating further opportunities to enter a global market expected to be worth £30bn per year by 2030.

The OWGP will be governed by an independent board chaired by Martin Whitmarsh, the former McLaren Group CEO and Formula One team principal, who carried out a review of the UK offshore wind supply chain for the Offshore Wind Industry Council which was published in February.

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