The increase of UKâs goal to have 40 GW instead of 30 GW of offshore wind by 2030 represents a huge opportunity for the sector. However, it is not without its challenges. With the quadrupling of capacity, cumulative environmental and social impacts of the lack of offshore transmission coordination represent a major barrier to delivery, according to the UK Department for Business, Energy & Industrial Strategy (BEIS).
Analysis indicates that achieving 40 GW of offshore wind by 2030 will require up to Â£48 billion of capital investment. This is double the amount invested in UKâs offshore wind in the 2010s and equates to more than one turbine being installed each weekday throughout the whole 2020s, Chris Fox, Head of Europe and Offshore at BEIS, said at this yearâs Offshore Energy Exhibition and Conference (OEEC).
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