UK Pushes for More Foreign Investment in Its Offshore Wind Sector

Sky-rocketing growth of the UK’s offshore wind industry serves well to the country’s efforts to pull in more foreign investments and spur the growth of this sector even more.

Former Energy Minister Charles Hendry MP and a delegation from RenewableUK, led by Vice Chairman Karl John, updated the London Diplomatic Corps on the UK’s ever-growing offshore wind energy sector at the Foreign and Commonwealth Office in London on March 6.

In his speech to foreign diplomats in the country, the UK’s Foreign Office Minister Mark Simmonds said: “I very much hope you will encourage your companies, policy makers and technology developers in your home countries to look to the UK for new collaborative opportunities in this important industry.”

So far, foreign investments in the UK’s offshore wind industry amount to over GBP 10 billion. Other countries and foreign companies helped the UK to develop leading capability in project development, finance, installation, operation and technology R&D, Minister Simmonds said.

He emphasized: “The opportunities and benefits are significant. Our robust regulatory regime and planning framework, as well as our large wind resource, has made the UK one of the most attractive locations in the world for offshore wind investment.”

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Offshore WIND Staff, March 14, 2014; Image: foreignoffice