RenewableUK has published a report which demonstrates the global success of UK-based companies working in the onshore and offshore wind, wave and tidal energy industries.
The new study, Export Nation, shows that an illustrative sample of 43 British companies exported goods and services to 44 countries in 2017. These companies struck 445 deals to work on 434 wind, wave and tidal energy projects all over the world – throughout the rest of Europe, North and South America, Africa, the Middle East, Asia, Australia and Antarctica.
The contracts were worth up to £7.5 million each, with some companies earning £20 million overall from their wind and marine energy exports last year. They range from exporting small onshore wind turbines to providing 80-metre blades and cables for offshore wind farms. Exporting our expertise is also important, providing consultants to develop wind, wave and tidal energy projects worldwide.
Our top export destinations for these technologies in 2017, were, in order of importance, Germany, the USA, France, Denmark, China, the Netherlands, Ireland, Taiwan, Belgium and Japan. Other significant destinations included Australia, Singapore and South Korea.
The report is being released ahead of Global Offshore Wind 2018, the largest dedicated offshore wind event in the world this year, which opens in Manchester tomorrow.
RenewableUK’s Chief Executive Hugh McNeal said: “It’s great to see that UK companies are winning multi-million pound contracts to work on wind and marine energy projects on all seven continents. We are an outward-looking sector, increasingly export-led, securing new deals worldwide.
“The global renewable energy market is now worth over $300 billion a year. Making the most of our international trading opportunities in clean energy will help us to grow British industry and boost the future prosperity of the UK economy”.
Minister of State for the Department for International Trade, Baroness Fairhead, said: “This report demonstrates that there is a clear demand for innovative UK energy technology across the world as the renewable energy sector continues to grow”.
“The Department for International Trade offers a wide range of export support services to assist British businesses to take advantage of these global opportunities, including our international Trade Advisors, GREAT.gov.uk and our award-winning export credit agency, UK Export Finance”.
MHI Vestas Offshore Wind CEO, Philippe Kavafyan, said, “MHI Vestas is proud to be part of the UK’s offshore wind success story, indeed all of the blades manufactured at our factory on the Isle of Wight will be exported to other offshore markets in 2018”.