UK plots course for new industrial vision for offshore wind

Together, they have appointed KPMG to support development of the IGP, which was a key recommendation of the final report to government by the Offshore Wind Champion, Tim Pick. The final IGP is expected to be published in early 2024.

Mr Pick called for a “sober and thorough strategic competency ‘make-or-buy’ analysis, which takes into account the UK’s comparative advantages and opportunities for disruption so that we can position British industry to take advantage of the global boom in offshore wind and deliver the pipeline of domestic projects.”

The offshore wind industry believes a robust plan for growth to meet offshore wind and energy security targets is essential,to maximise the benefits in terms of jobs, growth and net zero.

The IGP will build on the recent Supply Chain Capability Analysis which outlined a £92Bn (US$116Bn) opportunity for the UK to develop capacity and expertise in several key areas.

The IGP will expand this further and set out the priorities and programmes to build UK competitive advantage in a growing global market, meet innovation needs building on existing capabilities and close supply gaps that put domestic targets at risk.

The strategic approach to offshore wind will be used to guide future investment as the UK seeks to build up its domestic clean-energy supply chain in the face of increasing global competition. 

Commenting on the IGP, RenewableUK chief executive Dan McGrail said, “The UK has a solid foundation on which to build a globally competitive supply chain but we’re battling headwinds from high inflation, investment challenges and increased ambition from competitor nations.

“That is why this is the right time to take a more strategic approach that defines our position and the unique value offering the UK can bring to the international supply chain and meet our domestic targets. The IGP will set out strategies for capturing value across the lifecycle and steer investment into critical areas to grow the economy and secure our energy future.”

The Crown Estate head of marine development Will Apps said, “The development of offshore wind is an opportunity to drive investment, boost economic growth, improve energy security and support the energy transition. 

“With more than 13.6 GW of capacity already commissioned, a significant pipeline and early mover advantage in new technologies such as floating wind, the UK is well-placed to capture the domestic and international opportunities associated with the market. The IGP will provide the pathway to ensure this potential is realised by identifying interventions and steering investment to maximise the benefits in terms of jobs, growth, skills and equally ensure the capability exists to deliver the future offshore wind portfolio.”