GENERATE PROSPECTUS - Flipbook - Page 12
Unlimited opportunities in the East of England
Unlimited opportunities in the East of England
OFFSHORE WIND
WHY CHOOSE THE
SOUTHERN NORTH
SEA TO SERVE THE
GLOBAL OFFSHORE
WIND SECTOR?
WELLS
CROMER
BACTON
4.6 GW
KINGS LYNN
GT YARMOUTH
NORWICH
LOWESTOFT
DISS
SIZEWELL
OFFSHORE WIND
POWER
8.3 GW
PROJECT PIPELINE
TO 2030
BURY ST EDMUNDS
CAMBRIDGE
Are you looking to build your business by
supplying goods and services to the global
offshore wind energy sector?
Then the SNS off the Norfolk and Suffolk coast,
in the East of England, is an ideal location.
After all, the UK already has the world’s
largest offshore wind market, with 10.4GW of
generating capacity, and 16 wind farms in the
SNS generating 44% (4.6GW) of that.
In fact, the SNS has the highest concentration
of operational offshore wind farms in the
world, including many of the largest, and
a majority are within 100 miles of our
main service ports at Great Yarmouth and
Lowestoft. Overall, there are now 1073 wind
turbines in the SNS, representing 47% of
the UK’s total fleet (currently 2292). That
concentration is set to grow as the region
embraces the clean energy opportunities set
out in the UK Government’s 10 Point Plan for
a Green Industrial Revolution (2020).
1073
IPSWICH
FELIXSTOWE &
HARWICH
FREEPORT EAST
OPERATIONAL
TURBINES
£1.3 BN PA
UK O&M BY 2030*
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BRADWELL
*Source ORE Catapult. **Based on installed
capacity in 2021 of 4600Mw x 0.3886
offshore wind load factor x 8,760 hours /
3.618MWh annual consumption = homes
powered equivalent.
THE EAST OF ENGLAND IS
THE MOST RELEVANT PLACE
IN GLOBAL OFFSHORE WIND
Jonathan Cole, Managing Director
of Iberdrola Renewables Offshore.
GENERATING INVESTMENT
OPPORTUNITIES
With a project pipeline out to 2030 for an
additional 8.3GW of capacity, comprising
five new build projects and four extensions,
offshore wind in the SNS is set to drive the
UK’s transition to Net Zero. Those projects
represent 30% of UK projects with planning
consent and will deliver 40% of the UK’s
target of 40GW from offshore wind by 2030.
They will also involve an estimated capital
expenditure of up to £16 billion, compared with
£28 billion for the rest of the UK and £72.6
billion in the rest of North-West Europe.
That investment is set grow to around
£30billion by 2040, compared to £43 billion
for the rest of the UK, and will drive the
development of new O&M facilities in the
region. The East of England already leads the
nation in this respect, with seven operational
sites and more under construction or in
planning. That reflects the fact that our
region is the closest not just to a majority of
existing arrays in the SNS but also to three of
the UK’s nine potential post-2025 offshore
wind development zones.
The East of England is also the closest
UK region to four high-growth European
offshore wind markets bordering the SNS: the
Netherlands, Belgium, Germany and Denmark.
Between them, they will install an additional
37GW of offshore wind generating capacity
by 2030. This offers further opportunities for
engineering and manufacturing firms, as well
as maintenance services providers, looking
to grow their business in both the UK and
European markets.
THE SNS CURRENTLY
GENERATES ENOUGH
ENERGY TO POWER
4.3 MILLION UK HOMES.**
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