Strategy
KPMG brought the industry together to create a unified Offshore Wind Industrial Growth Plan – a clear, evidence based roadmap that prioritises 170+ key components, aligns stakeholders behind a shared vision and positions the UK to lead the global offshore wind value chain.
In an era of rising risks to energy security, sagging economic growth and growing demand for sovereign industrial capacity, the UK’s focus on offshore wind seems exceptionally prescient. Around the world, governments are moving quickly to install new renewable generation capacity. And the UK is well-positioned to take a leading role to support global ambitions.
Working alongside RenewableUK (RUK), the Offshore Wind Industry Council, The Crown Estate and The Crown Estate Scotland, KPMG helped the industry build consensus around an Offshore Wind Industrial Growth Plan outlining the investment requirements, policy enablers, activities and timelines required for the UK to dominate key aspects of the value chain.
By combining KPMG’s deep experience in the energy sector, proven tools and methodologies with RUK’s profound understanding of their members and ambition, our team helped the consortium assess and prioritise more than 170 components and services central to the offshore wind sector. We provided a clear evidence-based analysis of the UK’s potential to win in each element alongside a stakeholder-tested action plan to enable the industry to rapidly execute on their agenda.
Yet this project was about more than just developing a ‘plan’. It was about creating a shared vision for the future of the UK’s offshore wind sector, a clear pathway to success and confidence within the supply chain. And that, in turn, should enable the UK to take the lead in the competition to develop a global offshore wind capacity and unlock the associated economic and environmental benefits.
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