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Latest Offshore Wind Report signals a bright future for the sectors

Tuesday, June 6, 2017

We have published our 5th annual Offshore Wind Operational Report, with the latest data signalling a bright future for the sector.

offshore wind report

 

The report, published on 6th June, demonstrates clear progress over the past year, with:

  • 1,463 offshore wind turbines operational on the UK seabed by the end of 2016. 
  • A strong development pipeline for 2017, with a further 830 turbines under construction and a total of 7 new sites expected to reach first power - a level of development activity not seen since 2010.
  • Examples of significant investment in operations and maintenance bases across a number of the UK's regional ports and harbours, bringing local investment and job creation. 
  • Investment opportunities and risk profiles that are attracting a broader pool of investors to the sector, with pensions funds and corporates entering the market for the first time, including at the construction phase. 

The report also includes contributions from: SPARTA, the G+ Health and Safety Consortium, and the Green Investment Bank.

Huub den Rooijen, Director of Energy, Minerals & Infrastructure at The Crown Estate said: "2016 has been another strong year for the UK offshore wind sector, as demonstrated by this latest report, which helps open up some of the key lessons and trends from the past year, further arming the industry as it strives to take best advantage of the UK's world-class offshore wind resource. Together with the conclusions of the latest CfD round in the months ahead, this report offers growing evidence of offshore wind's competitiveness as a low-carbon energy resource."

The full Offshore Wind Operational Report for 2016 is available on our website here.