Dong Energy estimates wind industry exports could be worth £7bn to UK economy

 
Helen Cahill
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Energy firm Dong Energy estimates that the export value of wind energy could be worth up to £7bn, and is hoping that Britain can seize the opportunities posed by Brexit.

Dong Energy has won the contract to build the world's largest offshore wind project, set for Hornsea, but the firm thinks the UK can also benefit from exporting wind energy.

Read more: Dong Energy wins UK contract to build world's biggest offshore wind farm

Speaking at a fringe event at the Conservative party conference, Benj Sykes, head of programme asset management at Dong Energy, said wind exports could be worth between £5bn and £7bn to the UK economy by 2050.

He said that the industry had to seize the export opportunities presented by Brexit.

He said: "We need to make sure we can access those markets where the opportunities lie."

Dong Energy is currently building the first phase of the Hornsea project, which has a capacity for 1.2 GW and was guaranteed a price of £140 per MWh.

The firm is now focusing on offshore wind power, and on Friday it received regulatory approval to sell its upstream oil and gas business to Ineos.

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