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Offshore wind farm construction on a high – statistics

Words: Laura Edgar
Offshore wind turbines / iStock_000033111088

The total construction value for projects in the offshore wind farm sector reached £4.1 billion in 2016, increasing from £2.45 billion in 2015, according to latest statistics.

The data from construction industry analysts Barbour ABI suggests that wind farms alone accounted for 42 per cent of UK construction value in the utilities and power sectors. This accounted for 21 per cent of the entire infrastructure sector.

Barbour ABI expects this trend to continue as the pipeline for future offshore wind development is looking healthy – £23.2 billion worth of construction value is in planning.

According to data, three projects made a significant difference to the increase in construction value for offshore wind farms in 2016 – Beatrice Galloper and East Anglia ONE offshore wind farm projects. Together, they are worth £3 billion and are expected to produce over 1,600 megawatts of renewable energy an hour.

Michael Dall, lead economist at Barbour ABI, said: “Back in 2013 offshore wind farms accounted for only 7.5 per cent of the annual construction value for the utilities and power sector, which increased to 42 per cent in 2016, on the back of significant investment in this type of project.

“With reports showing that the cost of producing electricity in this way have fallen significantly, the increase in construction value makes sense.”

Image credit | iStock