- Published: 30 April 2015 30 April 2015
The onshore wind industry generated GBP 906 million in gross value added (GVA) revenue to the UK economy in 2014, according to new figures released by RenewableUK.
Since the beginning of 2012, GVA has risen by GBP 358 million (up 65%) revealing the increasing contribution that the onshore wind industry and its supply chain makes to the UK economy. The report, undertaken by BiGGAR Economics for RenewableUK, shows that the economic benefits of developing onshore wind are strongly felt in the UK, with each megawatt of onshore wind installed bringing in more than GBP 2 million to the UK over its lifetime, and 69% of the industry’s total spend remaining in the UK (or 69% “UK content”). The report also reveals that, on average, 27% of the economic benefits of onshore wind are enjoyed in the local authority area around each project.