Energy Minister Graham Stuart has underlined his commitment to continue to work closely with the offshore sector to deliver more jobs and investment into the UK.
Speaking at the opening of RenewableUK’s Global Offshore Wind 2023 conference in London on Wednesday, he told delegates how ambitious reforms to the auction market were being considered, acutely aware of challenges on cost.
It comes after Orsted flagged up the huge increase in delivering its next project, Hornsea Three, having set a new low price just before the Russian invasion of Ukraine sent inflation soaring. A new report released has also estimated that jobs in the sector will top 100,000 for the first time by 2030.
