The UK faces significant challenges in meeting its renewable energy targets for 2020. Offshore wind is widely expected to make a major contribution. However, rising costs have been associated with its deployment. A report from the UK Energy Research Centre (UKERC) released today (27 September) explains why costs have risen significantly since the mid 2000s – and suggests ways in which these costs may be reduced in future.
UKERC’s report states that while the UK has big ambitions to maintain its position as a world-leading player in offshore wind, it is today importing 80% of equipment and services from abroad. There is therefore a substantial opportunity to bolster the UK’s manufacturing industry while building a low carbon economy.
See full Press Release.
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