British companies are among the most likely to reap the rewards from the growth of the global offshore wind sector, which is set to be worth more than £30bn annually by 2030. That is the key conclusion of a new report from the Offshore Wind Industry Council (OWIC) and trade body RenewableUK, which claims that wind products and services provided by UK-based firms are expected to be worth £4.9bn a year by 2030. Published on Monday (1 October), the Offshore Wind Industry Prospectus reveals that if the UK Government was to publish a Sector Deal requiring at least a third of the nation’s electricity to be generated from offshore wind by 2030, the industry would employ 27,000 workers. The 21-page document also hails UK companies as world leaders in key services such as designing, building and operating offshore wind farms, as well as manufacturing blades and cables. It claims that the likes of China, Germany, India and the US are likely to seek British expertise on offshore wind in the near future.
Edie 2nd Oct 2018 read more »