UK wind and marine energy worth £525m in exports

A report published today by RenewableUK shows that UK-based onshore and offshore wind, wave and tidal energy companies are now exporting products and services to 37 countries.

The research, published under the title Export Nation reveals that 47 UK firms signed 465 contracts worth up to £53m per company in the past year, working on hundreds of projects in Europe, Asia, North and South America, Africa and Australia.

Overall, UK exports of wind energy products and services are worth £525m a year, and current top ten export destinations for UK wind and marine energy companies are, in order of importance, Germany, Taiwan, Denmark, the USA, the Netherlands, France, Belgium, China, Ireland and South Korea.

Nearly 70 per cent of the contracts were in the offshore wind sector. The companies featured in the report won offshore wind contracts in 15 countries across 4 continents. Germany is the most popular destination, followed in order by Taiwan, Denmark, the Netherland and the US.

The range of exports includes the building and maintaining wind farms onshore and offshore, as well as wave and tidal projects. Exports also include induvial products and services such as manufacturing blades, supplying and installing power cables on land and underwater, fabricating specialist steelwork, providing helicopters and crew transfer vessels, producing software to maximise power generation, conducting geological surveys, monitoring wildlife and providing legal and financial services.

RenewableUK’s Chief Executive Hugh McNeal said: “Renewable energy is providing us with opportunities to act as innovators and leaders in new industries on the world stage. We can capitalise on this even further in the decades ahead, generating billions for our economy, as well as showing global leadership on climate change. In offshore wind, for example, we’ve set a goal of growing our exports five-fold in the next decade.”

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