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Report highlights UK’s ‘green energy’ exports

Posted on 12 Dec 2019 and read 2425 times
Report highlights UK’s ‘green energy’ exportsA report published by RenewableUK shows that UK-based onshore and offshore wind, wave and tidal energy companies are now exporting their products and services to 37 countries across six continents.

Using an illustrative sample of companies involved in the sector, Export Nation reveals that 47 UK firms signed 465 contracts worth up to £53 million per company in the past year, working on hundreds of projects in Europe, Asia, North and South America, Africa and Australia.

Overall, UK exports of wind energy products and services are worth £525 million a year, according to the Office for National Statistics.

The report reveals that the current top 10 export destinations for UK wind and marine energy companies are — in order of ‘importance’ — Germany, Taiwan, Denmark, the USA, the Netherlands, France, Belgium, China, Ireland and South Korea.

Nearly 70% of the contracts were in the offshore wind sector.

The companies featured in the report won offshore wind contracts in 15 countries across four continents.

Germany is the most popular destination, followed by Taiwan, Denmark, the Netherlands and the USA.

The report also notes that, despite the Government’s policies ‘hindering onshore wind development domestically’, the UK is exporting onshore wind products and services to 23 countries; it is also exporting marine energy products and expertise to 12 countries.

Hugh McNeal, RenewableUK’s chief executive, said: “Renewable energy is giving us opportunities to act as innovators and leaders in new industries on the world stage.

“We can capitalise on this even further in the decades ahead, generating billions for our economy, as well as showing global leadership on climate change. In offshore wind, for example, we’ve set a goal of growing our exports five-fold in the next decade.”