Offshore wind farm developers will be stripped of subsidy contracts if they fail to deliver on their promises to use British manufacturers, the government has confirmed. Industry leaders warned that the decision created a “significant investment risk” and said ministers must make clear what was required of them. Britain aims to quadruple its offshore wind capacity this decade. However, less than 30 per cent of the capital expenditure in offshore wind farms is spent in Britain. The government is trying to improve this through a combination of financial support for port upgrades to house new factories and tougher requirements on developers. Developers must submit “supply chain plans” to be eligible for subsidy contracts, but the government is strengthening these, asking companies to set out how they will build “competitiveness, capability and capacity in local supply chains”.
Times 8th May 2021 read more »