RenewableUK deputy chief executive Maf Smith is hopeful that Chancellor George Osborne will announce certain measures in his budget speech to make the country, the prime destination for offshore wind power investments.
"And that we see a strong offshore wind industrial strategy from the Business Secretary Vince Cable to compliment this with a policy framework designed to ensure that investors know that the UK is the best place for them to be," added Smith.
The trade body welcomed a study unveiled by financial analysts Ernst and Young that placed Britain second in the list of best places for offshore wind power generation.
"This report highlights the British wind industry’s strong track record, as we have maintained our leading position, despite challenging economic conditions worldwide, near the very top of the global table – especially in offshore wind, where we’ve installed more capacity that the rest of the world put together, and we’re already hosting two-thirds of European offshore construction," said Smith.
According to the E&Y study, the UK government’s Energy Bill was creating uncertainty among investors which made Germany pip the country to the top spot.
