Display omitted •Current environmental risk assessment approaches hamper offshore energy expansion.•Strategically planned DST development can enable substantial savings, improving resource efficiency and high quality EIA.•The main midrange scenario results in potential cost savings of 1,580 M€ until 2050.•The DST development is beneficial for economy of future energy development and marine environmental protection. In the transition to a sustainable energy system, there is an urgent need for expansion of offshore renewable energy installations. To ensure sustainable development also with respect to the marine environment, a variety of decision support tools (DSTs) are currently under development, aiming at potentially increased quality and efficiency for environmental risk assessment (EIA) of planned offshore energy installations. However, the savings potential of a DSTs is to a large extent governed by the timing of the DST development, which in turn is directly dependent on the investment rate over time. A set of development scenarios were evaluated, simulating different degrees of strategic implementation and successful utilization of the DST for offshore energy. Using the situation in Sweden as a case study, we demonstrate that a planned investment can lead to considerably lower total costs for the EIA at a national level, at the same time allowing for improved quality of the EIA in line with the ambitions in both marine spatial planning and existing goals within marine environmental management.