Published Today : IPPR (Public Policy Research), A second wind: Maximising the economic opportunity for UK wind manufacturing7 Jun 2024 09:11
Https://www.ippr.org/articles/a-second-wind
KEY RECOMMENDATIONS
The UK needs a comprehensive green industrial strategy for the wind sector,
bringing together deployment targets and the enabling expansion in wind
manufacturing. IPPR has set out a series of coordinated industrial policies
for the wind sector, with a focus on three policy priorities:
1. On the purchasing side, fixing the current demand problem, by securing
a consistent commitment to long-term, regular contracts for difference
with developers, combined with non-price criteria such as local
content requirements.
2. On the production side, supporting businesses to expand UK production
capacity across the entire wind manufacturing supply chain, particularly
in wind turbines (nacelles, towers, blades) and essential components for
offshore wind farms (cables, foundations).
3. On the economic conditions, upgrade infrastructure capacity of ports
and naval vessels for offshore wind installation. Retrofitting ports and
securing installation vessels are the prerequisites for large-size offshore
wind manufacturing sites.
Collaboration between public entities and private businesses is vital. Public
financing institutions such as the UK Infrastructure Bank, the British Business
Bank and IPPR’s proposed National Investment Fund could also play a pivotal role
in jointly financing projects related to infrastructure renovation, establishment of
new manufacturing facilities, and growth of small and medium-sized suppliers. A state-owned energy company, like the Labour party’s proposed GB Energy, could be a linchpin, operating a national fleet of installation vessels and promoting joint ventures with private developers.
Well worth the read, identifying areas H&W involved in as High Priority and the case for state support. Also H&W Methil specifically identified.
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