UK Offshore Wind: Opportunities for trade and investment Executive Summary

The global market leader in offshore wind: The UK has 5.7GW installed or under construction, and is on track to deliver 10GW by 2020, representing the largest expansion in any class of renewable energy technology. The most attractive location for offshore wind investment in the world: The UK consistently tops international rankings as the best place to invest in offshore wind, and has been successful in attracting investment from across the globe. The offshore wind pipeline presents an investment opportunity of between £16 to £21bn from 2014 to 2020. Innovative funding models are being created to attract new sources of capital into the sector. A stable and predictable policy regime: The UK enjoys a reputation for operating stable and predictable policy regimes to support investment in renewable electricity infrastructure. The UK’s Electricity Market Reforms provide long term stable revenues for low carbon energy projects and reduce investor risk. Home to a growing supply chain capability: Industry and Government are working together to build a competitive and innovative UK supply chain that delivers and sustains jobs, exports and economic benefits for the UK. UK companies lead the world in services for the design, development, financing, construction and operation of offshore wind plant. Suppliers like Siemens have already chosen the UK as the site for future world class manufacturing facilities, and there are great opportunities for further investment in the supply chain