Generating Energy And Prosperity: Economic Impact Study of the offshore renewable energy industry in the UK, by ORE Catapult

ORE Catapult is a technology innovation and knowledge centre established by the Technology Strategy Board for the identification, development and rapid commercialisation of innovative technology to deliver affordable, offshore renewable energy. The ORE Catapult works in collaboration with policy makers, industry large and small, utilities, asset owners and the UK’s research organisations.

In the production of this report, the ORE Catapult has worked with the Fraser of Allander Institute to analyse extensive supply chain data supplied by BVG Associates. The commentary reflects the views of the Catapult and not necessarily those of the contributing organisations.

The Fraser of Allander Institute is a research unit of the University of Strathclyde in Glasgow and is formally part of the Department of Economics and the Strathclyde Business School. The Institute carries out research on regional issues generally and the Scottish economy in particular, including forecasting and the analysis of short-term and medium-term movements in Scottish economic activity. Its researchers have an international reputation in modelling regional economies and in regional development. The Institute publishes an Economic Commentary on the Scottish economy, and the quarterly Scottish Chambers’ Business Survey. The Institute also undertakes individually tailored research projects commissioned by private and public sector clients.

BVG Associates is an independent consultancy with expertise in the technology, implementation and economics of wind and marine energy generation systems. Its purpose is to help its clients establish renewable energy generation as a major, responsible and cost-effective part of a sustainable global energy mix.