Investor appetite in offshore wind - underlined by this week’s £3 billion buy-in to Orsted’s latest development - is being welcomed across the supply chain as Britain once again leads the world when it comes to its project pipeline.
A staggering 86GW is now on the table - more than eight times the current operational capacity - a 60 per cent increase over the past 12 months.
The huge hike is driven by massive leasing round announcements from The Crown Estate, with the sector top of the government’s ‘build back better’ green industrial revolution agenda. It is also seen as crucial element in the mix to build energy security of supply, with a step-change in auction rounds for subsidy suppoort also further incentivising.
