Most Attractive Renewables Market in World. UK 200 billion investment over next 10 years

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2 Most Attractive Renewables Market in World UK 200 billion investment over next 10 years 2

3 UK Trade & Investment UKTI is the Government organisation that helps UK based companies succeed in international markets and supports overseas companies bring high-quality investment to the UK. Sponsored by BIS and FCO Is the No 1 inward investment location in Europe Continues to offer a unique combination of success, confidence, ambition, know-how and creativity UK companies recognise the importance of competing in a globalised economy and of becoming leaders in their field, not just at home but across the world 3

4 THE UK: A SPRINGBOARD FOR GLOBAL GROWTH The UK s offer remains highly attractive on the back of: Business environment: appropriate levels of regulation, strong IP protection and a flexible labour force Creativity and innovation: world-class talent, creative and R&D excellence Gateway of international connections: taking companies beyond the UK opportunity, delivering a multiplier effect UK No1 4

5 Services for inward investors Professional Support Market Information Visit Programmes Financial Assistance Access to Academia Client Government Departments Specialist advice (tax, skills) Property Options Regulation Suppliers & Partners 5

6 Why Low Carbon in the UK Reduce carbon emissions Reduce UK dependency on imported fossil fuels > 200bn investment; half a million jobs Legal obligation 6

7 UK Renewables Current Position UK only 3.1% EU target for UK is 15% by

8 MT LU UK NL BE IE CY HU IT CZ PL GR SK DE BG EU27 ES FR SI LT DK EE RO PT AT LV FI SE Percentage of renewable energy produced across the EU (2008) Source: UK Trade & Investment 8

9 MT LU BE CZ CY HU NL SK PL UK BG IE IT DE GR EU27 ES FR LT RO EE SI DK PT AT FI LV SE The Targets for renewable energy production by 2020 as agreed in the Renewable Energy Directive Source: UK Trade & Investment 9

10 Percentage increase required in renewable energy production to meet 2020 targets 600% 500% 400% 300% 200% 100% 0% Source: UK Trade & Investment 10

11 Wind The UK has 40% of European s wind resource Maria MacCaffrey, CEO, RenewableUK 11

12 World Leader Offshore Wind Type your title and date here 00/00/

13 UK World Leader in Offshore Wind >1GW passed in April 2010 Project Pipeline 17 projects, 1.8 GW in operation 2352 MW under construction 2719 MW consented 1900MW in planning Further >40GW coming Costs to come down from 3m per MW Roadmap predicts growth of 20% pa 13

14 Need for inward investment support Inward investment is vital for UK UK renewables market already dominated by inward investment Simply we don t have full capacity, capability or investment to deliver against our low carbon targets without inward investor Important to target UKTI activity were best needed 40bn by

15 SSE RWE npower Centrica Iberdrola (ScottishPower) E.On EDF Vattenfall Dong Stadtkraft Statoil EDP Renovaveis Eneco Stadwerke Munchen Mainstream Warwick Energy SeaEnergy Renewables Siemens Project Ventures Fluor Masdar TCW PGGM & Dutch Ampere JP Morgan IIF Prudential M&G International investors dominate UK offshore wind 8000 MW Pre- planning application Awaiting planning consent Consented Under Construction In Operation 0 UK "Big 6" Integrated Suppliers Other Energy Companies Specialist Developer Source: UK Trade & Investment OEM EPC Infrastructure Fund/ Institutional/ Sovereign 15

16 The UK has already attracted key players within the global offshore wind market Source: UK Trade & Investment 16

17 The UK has already attracted key players within the global offshore wind market. Supplier in the UK Offshore Wind Turbine Manufacturers in the UK Current Suppliers Stated Ambition 17

18 Keep Involved NORSTEC Announced by UK PM Industry partnership across North Sea Global Offshore Wind June 13/14 th Excel, London UKTI here to help Looking for new members to drive 18

19 UK 200 billion investment - Summary 1.8m installations of FIT and RHI 860m support for RHI by bn Carbon Capture & Storage 3bn UK government investment into GIB 14bn in Green Deal 18bn Onshore Wind 25bn in bioenergy related technologies 20-30bn new and smart(er) grid 40bn new nuclear 40bn in offshore wind 19

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