According to a new study by trade body RenewableUK, the country’s onshore and offshore wind, wave and tidal energy companies are now generating up to £53 million per company per year through exports.
These businesses are now selling their products and services to 37 countries across six continents. Combined the 47 companies involved in the survey had 465 contracts, with deals agreed in Europe, Asia, North and South America, Africa and Australasia.
The latest findings chime in with the Office for National Statistics own data which this year revealed that UK exports of wind energy products and services totalled £535 million.
RenewableUK’s chief executive Hugh McNeal said: “Renewable energy is providing us with opportunities to act as innovators and leaders in new industries on the world stage.
“We can capitalise on this even further in the decades ahead, generating billions for our economy, as well as showing global leadership on climate change. In offshore wind, for example, we’ve set a goal of growing our exports five-fold in the next decade.
“If we want to understand just how quickly the energy transition is happening, the fact the UK is selling onshore wind energy to Saudi Arabia is about as clear as it gets. Around the world, the UK is seen as the go-to destination for expertise in renewable power.”
Renewables are part of a wider trend of expansion of exports from innovative sectors in the UK, which have increased in scale since the EU referendum as the country positions itself as a leader in a number of fields.
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