Supply Chain Bottlenecks Threaten UK’s Offshore Wind Dreams ...Middle East

Economy by : (OILPRICE) -
Britain risks failing to to meet its offshore wind ambitions, unless over £100bn is invested across the sector by the end of the decade, an industry body has warned. Renewable UK has urged the government to invest more in manufacturing and help ease supply chain bottlenecks, to unlock vast amounts of private capital at risk of moving to rival markets such as the EU and US – which have more favourable subsidy climates. It has calculated the country needs to invest £17bn per year in private sector and public investment across the…

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