RenewableUK, the UK’s leading renewable energy trade association has published a report in June, highlighting last year’s export success for the sector.
The report shows 445 deals were made during 2017 by 43 British companies contributing to 434 wind, wave and tidal energy projects all around the world. According to RenewableUK these deals were valued at up to £7.5 million each, with some projects totalling £20 million over a 12 month period.
The UK companies involved in this success are not only exporting industrial kit, but are also capitalising on the opportunity to export expertise and knowledge in planning, building and running renewable energy projects.
The products and services provided by UK companies were varied and included helicopters as well as staff and equipment to conduct geological and biodiversity surveys, crew and vessels to monitor and maintain offshore wind farms etc.
Top export destinations were the USA, France, Denmark and China with Germany heading up the list as the biggest importer of UK renewable energy products and services.
International Trade Minister for the Department for International Trade, Baroness Rona Fairhead has welcomed the positive findings, saying the report highlights a “clear demand for innovative UK energy technology across the world as the renewable energy sector continues to grow”
RenewableUK’s chief executive, Hugh McNeal adds “It’s great to see that UK companies are winning multi-million pound contracts to work on wind and marine energy projects on all seven continents. We are an outward-looking sector, increasingly export-led, securing new deals worldwide.”
Bloomberg New Energy Finance’s outlook also found that by 2050, the global energy sector is aiming to source half of all energy from renewable sources, demonstrating the vast opportunities in this growing sector for UK companies.