We’re delighted to hear that two wind farms we recently supported through provision of socio-economic impact assessment have had success in their Contract for Difference bids. Both Triton Knoll Offshore Wind Farm and Hornsea Project 2 Wind Farm were successful in the government’s latest Contracts for Difference (CfD) auction, confirming them as among the UK’s best ‘low cost’ renewable energy projects. Combined, these wind farms are expected to power over 2.3 million homes.
This is excellent news for both projects and the wider offshore wind industry. As well as significantly reducing the costs of energy, these offshore wind projects are generating significant economic benefits in their local areas through construction and operations port activities, and across the UK through the growing UK offshore wind supply chain. Importantly, much of these economic benefits are also being delivered in areas of the country where there are greatest levels of unemployment and socio-economic deprivation.
Regeneris provided economic impact analysis for both wind farms, analysing their impact on employment and economic value generated, in addition to a wider range of socio-economic impacts, including skills support, innovation and supply chain development. This builds on the knowledge of the sector we have gained over the last decade, including the supply chain and skills base across the UK.
For further information on our work with the offshore wind sector, please contact Kate Downes, Neil Evans or Stuart Younger.