The UK’s renewable energy trade association has estimated the value of UK exports in the sector at close to £2bn for 2016.
Renewable UK’s recent report, “Export Nation: A Year in UK Wind, Wave and Tidal Exports”, reveals the extent of the success of the UK renewable energy technology sector in winning business, particularly from overseas.
The report was based on a sample of 36 firms operating in the sector during 2016, around 10% of Renewable UK’s membership. It found that the firms signed more than 500 contracts worth between £50,000 and £30m, for work in 43 countries.
Emma Pinchbeck, Renewable UK’s executive director, said: “We need to act swiftly to retain this competitive advantage or other nations will capitalise on the hard work our businesses have done to build opportunities.”