By 2030, 1/3 of United Kingdom energy will come from offshore wind

Gwen Vasquez
March 10, 2019

A new Government deal is set to call time on the dominance of fossil fuels in Britain's power system by the end of the next decade in favour of giant spinning wind turbines.

The Department for Business, Energy and Industrial Strategy (BEIS) said the deal could result in the number of jobs in offshore wind tripling to 27,000 by 2030, boosting the economies of coastal communities near major projects.

It is hoped the green power "revolution" will be helped by a new deal between the Government and industry to develop the supply chain and boost global exports.

Although, offshore wind accounts for marginal 0.2% of the global electricity generation, factors such as technology advancement, policy support, and a maturing supply chain are making offshore wind an increasingly viable option for renewables-based electricity generation.

"It would also ensure that offshore oil and gas workers' with the industry standard OPITO qualifications will be allowed to transfer between sectors free from the barriers unilaterally imposed by the Global Wind Organisation".

"Offshore wind is a central part of the world's clean energy future due to its renewed competitiveness and scalability", said Ritchie. Further, offshore wind could also provide additional clean generating capacity for developing countries with populations that live without access to reliable electricity. Alongside the deal, the government will provide more than £4m for British businesses to share expertise globally and open new markets through a programme to help countries such as Indonesia and Pakistan avoid coal power and develop their own offshore wind projects.

The UK government and the industry are committing to long-term certainty in renewable power contracts and investments in infrastructure, respectively, to boost the offshore wind industry in the UK.

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"We have seen it work in Europe - we can now make use of global experience to scale up offshore wind projects in emerging markets", said Riccardo Puliti, Senior Director and Head of Energy and Extractives at the World Bank.

George Rafferty, Chief Executive of NOF said: "The sector deal has the potential to attract considerable inward investment to the United Kingdom and in turn generate thousands of jobs in the supply chain".

The offshore wind industry has grown almost five-fold since 2011, with 23 gigawatts installed at the end of 2018 and a large volume of planned projects in Europe, China and the United States.

"If Claire Perry's vision is actually to be achieved with decent, well-paid and skilled jobs, then the Government will need new rules about renewable energy sources".

"Renewable power now presents the best opportunity for cheaper, cleaner and faster decarbonisation".

As part of the country's modern Industrial Strategy, Britain aims to become a global leader in renewable sectors with more investment potential than any other country in the world.

Floating Offshore Wind Power Market Overview 3.1 Introduction 3.2 Market Size and Demand Forecast until 2023 (in Dollars billion) 3.3 Recent Trends and Developments 3.4 Government Policies & Regulations 3.5 Investment Opportunities 4. Companies are burgeoning in clusters, creating new centres of excellence in this clean growth boom.

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