In this month’s Electricity Market Reform White Paper, the Government revealed its plans to invest £110 billion over 40 years in building new nuclear power plants and offshore wind farms. The investment plans will help the UK achieve its target of generating at least 15% of its energy from renewable sources by 2020, as well as replacing some of our older nuclear and fossil fuel-fired power plants.

The news has been cautiously welcomed by the electrical construction industry. In particular, the investment in renewable energy sources bodes well as the Government is already developing Round 3 of its offshore wind energy programme. Energy business advisers Douglas-Westwoodcommented: ‘There are all sorts of opportunities for contractors from building substations, grid connections or manufacturing plants...there is now a lot depending on the UK developing offshore wind to meet 2020 renewable targets.'

Wilding says: ‘This is great news for the environment and the economy – and it could be just the boost our industry needs. We’re looking forward to working with both new and existing clients to help make these ambitious plans a reality.’

Source:Construction Manager