Commenting on the Government’s announcement that it will remove tariffs on imported offshore wind energy components from 1st April, RenewableUK’s Head of Offshore Wind Celestia Godbehere said, “This is a very positive move for the industry – it’s exactly the kind of practical policy change that will help to bring down the cost of clean energy projects while supporting domestic manufacturing.
“We’ve been calling for this change because removing tariffs on cables, blades and other critical components reduces costs for UK manufacturers, which enables developers using these suppliers to invest more efficiently across the supply chain. It will create substantial savings for UK manufacturers, enabling more competitive bids at future clean energy auctions. This ultimately means lower bills for consumers, stronger UK manufacturing, and faster deployment of the offshore wind capacity we need to strengthen the country’s energy security”.
The UK Government will remove tariffs on 33 industrial goods from 1 April through a new tariff measure which will save offshore wind energy manufacturers millions of pounds a year. The measure will enable British manufacturers to produce components at a reduced cost and allow reinvestment for clean energy sector growth. This investment in the UK’s largest source of renewable energy is vital for addressing the climate crisis and building the UK’s energy security – offshore wind is 40% cheaper to produce and maintain than new gas projects according to the LCOE industry metric.
