Offshore Energies UK (OEUK), the leading trade body for the UK’s offshore energy sector, has responded to the Government’s allocated budget for Allocation Round 7 (AR7).
OEUK’s Sustainability & Policy Director, Mike Tholen, said:
'Announcing this budget is a step forward, but it still may fall short of what’s needed to meet the UK’s goal of 43 to 50 gigawatts of offshore wind energy by 2030. To get there, every gigawatt of wind power matters in bringing us closer to affordable and secure homegrown energy for consumers and businesses.
'Right now, companies face high costs and tough market conditions. To galvanise investment and continue becoming more competitive, firms need a stable and predictable pipeline of work which can be built by domestic supply chains. But this approach must carefully avoid locking in high electricity prices for people around the UK.
'In a changing world, fixed and floating offshore wind needs to continue to show it can scale up while delivering clean, affordable energy to power homes, jobs, and growth across the UK.'
Source: OEUK
