Offshore wind is a growing market concentrated in the UK and Europe, where over 90% of the world’s offshore wind farms have been built to date.
There are high levels of synergy between the offshore wind and oil and gas supply chains, particularly in the areas of project management, array cables, substations, foundations, installation support, and operations & maintenance.
Three Scottish offshore wind farms with a combined value of £3 billion will begin construction in 2017, contributing to the £18 billion of UK offshore wind investment that is forecast between 2016 and 2020.
UK offshore wind projects present some of the most readily accessible opportunities for Scottish supply chain companies due to the industry's commitment to increasing the UK content of UK offshore wind farms.
A number of Scottish firms have used their experience of UK offshore wind projects to secure contracts elsewhere in Europe. The German market is the largest outside the UK, while the Netherlands, France, Denmark and Belgium also have sizable pipelines of projects.
China is the largest market outside Europe and the US and Japan have considerable growth potential.
- The world’s first floating offshore wind farm, Hywind Scotland, begins construction in 2017
- Europe is forecast to build around 25GW of offshore wind by the end of the decade, worth an estimated £60 billion in capital and operational expenditure over the next five years
Read our factsheet on opportunities in offshore wind (PDF, 121kB)