Fashion
UK to scrap tariffs on 33 goods to aid offshore wind manufacturing
The tariff relief will allow British manufacturers to import certain components at zero customs duty under the Authorised Use procedure.
The UK Government will remove tariffs on 33 industrial goods from April 1 to lower costs for offshore wind manufacturers and support clean energy expansion.
The measure allows duty-free imports of wind turbine components under authorised use rules and follows £22 billion in offshore wind investment secured earlier this year to accelerate renewable energy development.
Officials said the measure will help manufacturers produce components at lower cost and reinvest savings to accelerate growth in the renewable energy sector. Offshore wind is currently the offshore wind energy industry’s largest renewable source in the United Kingdom and is considered significantly cheaper to produce and maintain than new gas projects.
The announcement follows a record 8.4 GW of offshore wind capacity and £22 billion in investment secured during the Contracts for Difference Allocation Round 7 earlier this year. The investments include the Berwick Bank offshore wind farm, one of the world’s largest planned offshore wind developments.
According to the government, the tariff measure also aligns with its broader trade and industrial strategy, ensuring trade policy supports domestic manufacturing while advancing the country’s clean energy transition.
Fibre2Fashion News Desk (CG)