Offshore Wind Sector Deal launches: Industry responds

Pablo Tucker
March 10, 2019

COASTAL communities in the Humber and East Yorkshire that have been "revitalised" by the offshore energy sector could be set for a further boost after the Government unveiled a "landmark" new deal with the industry.

The offshore wind "revolution" will mean nearly a third of homes and businesses will be powered by offshore wind, and more than two thirds by low-carbon sources including.

The Department for Business, Energy and Industrial Strategy said the Offshore Wind Sector Deal included a £250m offshore wind growth partnership, meant to ensure companies working in relevant coastal regions "continue to be competitive and are leaders internationally in the next generation of offshore wind innovations".

This report studies the Offshore Wind Cable market size (value and volume) by players, regions, product types and end industries, history data 2013-2018 and forecast data 2018-2023; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

The Offshore Wind Sector Deal - a transformative partnership created to put the United Kingdom industry at the forefront of the global shift to clean growth - has been hailed as a "coming of age" initiative.

The government expects jobs in the sector to triple to 27,000 by 2030.

In September past year, Ørsted opened the world's largest offshore wind farm - the Walney Extension - which is capable of powering almost 600,000 homes. Offshore wind can also provide additional clean generation capacity for developing countries with populations living without access to reliable electricity.

The British government sees offshore wind as a genuine opportunity to lead.

A spokesperson for the National Infrastructure Commission said: "Today's offshore wind sector deal is a clear demonstration of the numbers of jobs that this industry could create - especially as it continues to grow both here and internationally".

John Sauven, executive director of Greenpeace UK, said: 'The Government's plans for a fleet of new nuclear reactors has collapsed. The European Union has commitment of 20% renewable energy by 2020, which includes a set of legally binding targets for few countries.

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

Specifically, the Global Wind Energy Council (GWEC) will coordinate with the World Bank Group's Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) on efforts to accelerate the uptake of offshore wind in emerging markets by helping countries assess their offshore wind potential and providing technical assistance to help develop a growing pipeline of projects that are ready for investment by renewable energy developers. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023) 7.1 Floating Offshore Wind Power Market By Components 7.1.1 Turbines 7.1.2 Floating foundations 7.1.3 Anchoring systems 7.1.4 Vessels and installation methods 7.1.5 Ports and harbour facilities 7.2 Floating Offshore Wind Power Market By Location 7.2.1 Shallow Water ( 60m Depth) 8.

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