Notes to editors
- Impact of DONG Energy Investments in the Humber Area is a report commissioned by DONG Energy and undertaken by Regeneris Consulting, an independent economic development and generation consultancy. The report sets out an overview of the economic impact that DONG Energy's investments to date have had, and that future investments will have, in the Humber area. It focuses on both the direct impacts of the investment, and the wider supply chain, skills and inward investment benefits that DONG Energy's investments have supported.
- The report draws together information gathered through desk based analysis as well as:
- Economic impact modelling of the direct, supply chain and induced impacts of DONG Energy investments in offshore wind farms off the coast of the Humber.
- Consultation with economic development officers, supply chain firms and other stakeholders within the Local Enterprise Partnership, local authorities, the University of Hull and business & sector bodies.
- Gross Value Added (GVA) is a standard UK measure of economic value, used by the Government and the Office for National Statistics. It is effectively a measure of profits generated in businesses and salaries paid to employees. £200 million of GVA has already been secured in the Humber based on current DONG Energy activity in the region. £1 billion of additional GVA is estimated to be generated from 2010 – 2030, bringing the total estimated GVA to £1.2 billion.
- Lincs offshore wind farm is 25% owned by DONG Energy, 25% by Siemens Project Ventures and 50% by Centrica. Westermost Rough offshore wind farm is 50% owned by DONG Energy, 25% by Marubeni Corporation and 25% by the UK Green Investment Bank. Race Bank and Hornsea Project One offshore wind farms are 100% owned by DONG Energy.