The Humber LEP welcomes the announcement that strike prices for offshore wind have increased to encourage long term investment.
The announcements linked to the Government’s Autumn Statement have seen offshore wind prioritised as needing more support, which will help to give more confidence for the industry in the UK.
Humber LEP Chair Lord Haskins met with Energy Secretary Ed Davey this week ahead of the Autumn Statement and was assured that positive news for the industry was on the horizon.
With strike prices for offshore wind now being tabled as £140 MWh for 2018/19 instead of July’s draft of £135 MWh, it is hoped that businesses will see it as a commitment to the development of the sector in the UK.
Lord Haskins Chair of the Humber LEP, said:
“I feel this will give some reassurance to those wishing to invest in the area that the Government is committed to offshore wind which support the conversations I have had with the Energy Secretary alongside the Hull MPs.
“Anything that creates further confidence in investing in the sector in the UK and the Humber is very welcome.
“We have worked with Government to put in place incentives to support offshore wind developments around the Humber, including the Enterprise Zones and Regional Growth Fund.
“The next steps, through the powers and resources we are seeking in the City Deal and Growth Deal and our strategy for European funding spend, will include providing more support for local people to access any jobs that would be created.”