The pledge to expand offshore wind generation is the centrepiece of a sector deal, one of a number currently being negotiated between industry and Government. Under the sector deals, which fall under the umbrella of the Government’s broader industrial strategy, Whitehall has pledged to provide support for key growth sectors of the economy. The offshore wind industry aims to increase generation capacity from the 13GW deployed or contracted today, to 30GW by 2030. This would enable offshore wind to meet one third of the UK’s electricity needs. The industry’s vision for 2030 envisages £48 billion worth of investment in UK offshore wind infrastructure. The deal estimates that the sector’s exports could increase five-fold by 2030 to £2.6 billion a year on the back of a global offshore wind market that is expected to grow to more than £30 billion per annum by the end of the next decade. This expansion would support the creation of 27,000 skilled jobs across the UK, mainly located in coastal areas, compared to the 11,000 it employs today.
Edie 21st March 2018 read more »
A major UK Government report has described a lack of UK firms in the offshore wind supply chain as a “missed opportunity”. The document, “Future of the Sea”, says a more strategic approach is needed by government and industry for the coming years. It adds that the wind industry could be worth nearly £3billion a year to the UK economy by 2030. The report states: “While there are opportunities here, the relatively small percentage of the supply chain that is supplied by UK businesses could be seen as a missed opportunity.
Energy Voice 22nd March 2018 read more »