“Recent developments such as the Inflation Reduction Act in the USA and the EU’s Green Industrial Deal have increased competition for investment. We must double down on our efforts to support and accelerate offshore wind development, and I’d encourage the Chancellor to bring forward new measures in the Autumn Budget to incentivise manufacturing investment into the UK that might otherwise go overseas,” said McGrail.

The UK raised its 2030 offshore wind target to 50 GW last year and the government has also decided to accelerate the permitting processes to achieve the new goal.