The report recommends that “if a set of alternative options can be found to meet the EU renewable energy target, then offshore wind ambition in 2020 could be moderated.”
RenewableUK’s Chief Executive, said: “The report is welcome in as much as it recommends increasing the share of renewable energy to 40% by 2030. However, we are not going to get there if we do not stand four-square behind offshore wind in the run up to 2020. An unambitious target could scare off investors just when they have pledged so much commitment in establishing UK factories. This in turn could stymie delivery of targets and prevent the creation of up to 50,000 jobs in offshore wind over the next decade.”
The industry trade body believes that offshore wind energy costs are likely to come down whilst assumptions by the committee about the costs of nuclear are optimistic.
Another recent report by Price Waterhouse Cooper says that wind industry representatives believe offshore wind energy will not require subsidies within 15 years.