Research

United Kingdom targets surge in offshore wind power

United Kingdom targets surge in offshore wind power

Offshore wind now provides around 7 per cent of British power, but that could increase to more than 30 per cent by the end of the next decade, providing 27,000 jobs in the sector.

Offshore wind now provides about seven percent of British electricity.

A total 70 percent of the country's electricity is predicted to be generated from low-carbon sources by 2030.

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.

Wind Power Casting Market report gives insights into the Industrial Chain, Major Player's Market Share and Upstream raw materials suppliers Involved in Wind Power Casting Market based on Industrial Chain Analysis, Production Process Analysis, Labour Cost, Raw Material Cost & Manufacturing Cost Structure of Wind Power Casting, Source of Raw Materials for Major Manufacturers present in Wind Power Casting Industry till 2017 and Downstream Buyers.

Energy UK's chief executive, Lawrence Slade, said: 'Today's sector deal, and continued investment from industry, will create a global offshore wind market set to be worth £30 billion a year by 2030 and further cement the UK's position as a world-leader in offshore wind. The research report analyzes the historical as well as present performance of the global Floating Offshore Wind Power market history year data from 2014 to 2019 and forecast 2019-2025, and makes predictions on the future status of Floating Offshore Wind Power market on the basis of this analysis.

Key Strategic Developments - The study also includes the key strategic developments of the Offshore Wind Cable market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, Global and regional growth of the leading competitors operating in the market on a global and regional scale.

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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.

Market Overview 3.1 Introduction 3.2 Market Size and Demand Forecast until 2023 3.3 Installed Offshore Wind Capacity in MW (2010-2017) 3.4 Key Offshore Wind Projects 3.5 Recent Trends and Developments 3.6 Government Policies & Regulations 3.7 Investment Opportunities 4. This leaves Britain with a big energy gap in the future.

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.

Keith Anderson, ScottishPower chief executive, said: "ScottishPower is proof that offshore wind works, we've worked tirelessly to bring down costs and, having transitioned to 100% renewable energy, will be building more windfarms to help the United Kingdom shift to a clearer electric economy".

Wind Turbine Casting is the casting accessories used in the wind energy systems and equipment.

'Scotland has massive offshore wind potential with a large share of Europe's offshore wind resources and the commitment that the sector deal represents from government, academia and industry will help ensure that our world-leading offshore wind sector develops successfully and sustainably'. Companies are burgeoning in clusters, creating new centres of excellence in this clean growth boom.


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