British companies are securing almost half of the billions of pounds spent each year on offshore wind farms in the UK, according to a report that aims to counter criticism that the vast majority goes overseas. About 48 per cent of the money spent planning, building and operating the projects, which are supported through UK government subsidies, benefits British companies, research by the RenewableUK trade body found. This level is just shy of a 50 per cent target the industry hopes to achieve by 2020, and compares with 43 per cent in 2015 when the last comparable study of multiple projects was produced. Before that, reports suggested that as little as 10 per cent of spending on some individual projects benefited UK companies because the bigges t contracts went to turbine manufacturers based overseas.
FT 8th Sept 2017 read more »
