<article data-sf-ec-immutable=""><section><p>Energy analysis: Scott McCallum, partner at Shepherd and Wedderburn LLP, discusses the background to the government’s recently announced Offshore Wind Sector Deal (the Sector Deal) and assesses the commitments it makes, what it means for the UK offshore sector, and its likely impact.</p></section></article><section><section><h2><mark id="CITEID_684598"></mark>Original news</h2><p>New offshore wind sector deal is a‘welcome step’ for the industry, <a href="https://www.lexisnexis.com/uk/lexispsl/environment/document/412012/8V4T-XNB2-8T41-D4F8-00000-00/linkHandler.faces?psldocinfo=Offshore_Wind_Sector_Deal_building_sustainability&ps=null&bct=A&homeCsi=412012&A=0.13765989999171746&urlEnc=ISO-8859-1&&remotekey1=DIGEST-CITATION(LNB%20News%2007/03/2019%20117)&remotekey2=All%20Subscribed%20Current%20Awareness%20Sources&dpsi=0S4D&cmd=f:exp&service=QUERY&origdpsi=0S4D" title="References to">LNB News 07/03/2019 117</a></p><p><i>The Department for Business, Energy and Industrial Strategy has published anew policy paper on the sector deal between the government and the offshore wind industry. This deal builds on the UK’s global leadership in offshore wind, maximising the advantages for UK industry from the global shift to clean growth.</i></p></section><section><h2><mark id="CITEID_684599"></mark>What is the Sector Deal and why has it been introduced?</h2><p>The UK government has established an industrial strategy with an overall objective of building aBritain ‘fit for the future’. A key component of the UK government’s industrial strategy is the creation of partnerships between the government and industry on sector-specific issues. The government points to the successes of the Auto Council and the Office for Life Sciences in demonstrating the gains that can be made to productivity, employment, innovation and skills through ajoined-up focus on sector-specific barriers and opportunities. The government wants to build on these successes—extending them to other parts of the economy—most recently in the form of the Sector Deal.</p><p>This much anticipated Sector Deal was announced on 7 March 2019 (see Claire Perry, Minister of State for Energy and Clean Growth’s <a data-sf-ec-immutable="" href="http://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2019-03-07/HCWS1382/" target="_blank" title="Opens in anew window">written statement to Parliament</a>). The government believes that the global shift to clean growth offers abig opportunity for the UK. The UK already boasts the largest installed capacity of offshore wind (by some margin) and costs have fallen much faster than most anticipated. Offshore wind would therefore seem to offer agood foundation for the UK’s global clean growth ambitions.</p><p>While the UK has amarch on others in terms of </p></section></section>
Source: LexisNexis Purpose Built
Offshore Wind Sector Deal - building sustainability
