Wind Power: Seas and Oceans
The question
To ask the Secretary of State for Energy Security and Net Zero, what discussions he has had with the Chancellor of the Exchequer on offshore wind supply chain development.
Answered by Michael Shanks
The Chancellor has launched the National Wealth Fund, capitalised with £27.8bn, to mobilise billions of pounds of investment in the UK’s world-leading clean energy and growth industries.
£8.3bn has also been announced for Great British Energy which will work in lockstep with the National Wealth Fund.
The Government has just launched the Clean Industry Bonus, an addition to Contract for Difference (CfD) payments for fixed and floating offshore wind developers who invest in their supply chains.
The Government will set out its full approach to supporting UK clean energy supply chains in the Industrial Strategy in the spring.
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