Source · Select Committees · Welsh Affairs Committee
Recommendation 13
13
Accepted
Paragraph: 60
A consistent theme throughout our inquiry was the need for long-term certainty to provide confidence...
Conclusion
A consistent theme throughout our inquiry was the need for long-term certainty to provide confidence to the sector and unlock investment. Much of this investment is likely to go to Port Talbot and the Port of Milford Haven which are set to play a key role in the delivery of floating offshore wind in the Celtic Sea. Preparing these 30 Floating Offshore Wind in Wales ports will require significant investment and this will only be forthcoming with a credible pipeline of projects over future decades matched by a commitment from government to support the sector.
Government Response Summary
The government welcomes the Floating Offshore Wind Taskforce’s Roadmap and the Floating Offshore Wind Manufacturing Investment Scheme is open to applications, and will continue to work with the sector and will remove barriers to help modernise The Crown Estate’s investment capability to help unlock investment and growth in key sectors.
Paragraph Reference:
60
Government Response
Accepted
HM Government
Accepted
We welcome the Floating Offshore Wind Taskforce’s recently published “Industry Roadmap 2040”, which identified the need for up to 11 ports around the UK, supported by £4bn of investment, to enable the roll out of floating offshore wind at scale. The Floating Offshore Wind Manufacturing Investment Scheme is now open to applications, and will support investment in port infrastructure for floating offshore wind deployment until March 2025. The Government will continue to work with the sector, through bodies such as the Floating Offshore Wind Task Force and the Offshore Wind Industry Council (OWIC), to understand future port investment requirements and timescales. We have published the Offshore Wind Net Zero Investment Roadmap articulating the sectoral investment need, and summarising Government policy and funding, to provide investors with the information they need to support investment decisions. Similarly, the Net Zero Growth Plan, outlines how, working alongside industry, the Government will remove barriers to help modernise The Crown Estate’s investment capability to help unlock investment and growth in key sectors, including offshore wind. The Government is also working closely with industry to consider the recommendations of the Offshore Wind Industry Champion, Tim Pick, on the development of sustainable offshore wind supply chains and supporting infrastructure. The Crown Estate intends to provide further detail with regard to future Celtic Sea leasing at its next market update.