Boris Johnson has unveiled a bold new vision for offshore wind to power every home in the UK by 2030. However analysts say that would require almost £50bn in investment and the equivalent of one turbine to be installed every weekday for the whole of the next decade.
The huge investment, calculated by Aurora Energy Research, an Oxford-based consultancy, would increase the UK’s offshore wind power capacity by four times what it is today, to reach 40GW by 2030.
The wind energy industry has become one of the country’s most prized industrial success stories. In the past 10 years the capacity of the UK’s offshore turbines has grown from 1GW to almost 10GW at the start of 2020, and building costs have been driven down by almost two-thirds.
The government’s new plan has emerged as central to Britain’s aim to “build back better” after the coronavirus crisis towards its 2050