Offshore Wind Net Zero Investment RoadmapMarch 2023Leading the way to net zero2Offshore Wind Net Zero Investment Roadmap: Leading the way to net zero■Offshore wind is an established and proven part of the UK energy mix and is set to become even more important in the future. It will play a key role in decarbonising our power system by 2035 and helping the UK achieve net zero by 2050.■With the highest deployment in Europe, we have proved that offshore wind can be delivered at ever increasing scale whilst decreasing the costs to consumers.■The UK has a world-leading ambition to deploy up to 50GW by 2030, with up to 5GW coming from floating offshore wind.■Investors from all over the world are already benefitting from the certainty that the UK offshore wind market offers. Our long-term ambitions mean significant, new investment opportunities for private capital in windfarms, transmission infrastructure, port infrastructure, new manufacturing, and services.Access to cheap, abundant and reliable energy provides the foundation for a thriving economy with our homes and businesses relying on it to deliver our future prosperity. Already home to the 1st, 2nd, 3rd and 4th largest operational offshore wind farm projects in the world, we are cementing our position as amongst the most attractive places in the world for investing in offshore wind.The UK is leading the charge towards a net zero, nature-positive futureRt Hon Grant Shapps MP – Secretary of State for Department for Energy Security and Net Zero■ Open, liberal economy■ Stable regulatory regime with independent legal system■ Globally competitive and transparent tax regime■ Generous R&D and patent tax relief■ The UK-EU Trade and Cooperation Agreem...
