North East England Ready for UK Sector Deal

Industry heralds 'jobs boom'

Innovative British companies, particularly those in the North East England cluster, have been integral to the helping the United Kingdom establish a world-renowned offshore wind industry and the sector deal will support further development in the supply chain.

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According to the latest quarterly figures from the UK's Department for Business, Energy & Industrial Strategy, the share of low carbon electricity generation accounted for a record high 56 percent in the third quarter of 2018, up from 54 percent in the same period of 2017, thanks to higher power generation from renewable sources. The World Bank and IFC will help emerging markets assess their offshore wind potential and provide technical assistance to develop a growing pipeline of projects that are ready for investment by renewable energy developers.

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

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.

A partnership between the UK Government and the offshore wind industry announced on March 4 will mean that Britain will get 30% of its electricity from offshore wind by 2030.

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Jobs and clean economic growth are at the heart of the BEIS industrial strategies, and there is a welcome commitment to encourage more women into the sector.

"Companies are burgeoning in clusters, creating new centres of excellence in this clean growth boom", he said.

"The UK Sector Deal will deliver an enormous boost to offshore wind in the UK, with capacity set to nearly quadruple in a decade", WindEurope Director for Public Affairs Iván Pineda said, adding that offshore will become the backbone of the UK's electricity system, provide a third of the UK's power needs by 2030. This Wind Power Casting market report is a unique tool assessment providing decision-making overview for readers with technology trends, production, consumer benefits and development opportunities worldwide. We're setting up a new body to develop the right skills for years to come, not only by offering apprenticeships, but also by helping experienced people from other parts of the energy sector, as well as the military, to make the change into offshore wind.

The UK government, for its part, will provide up to US$732 million (£557 million) available for future Contracts for Difference.

However, Greenpeace said the 30GW by 2030 installed capacity target is "woefully inadequate" in the light of the recent collapse of the Moorside and Wylfa nuclear developments, which it said had blown a 6.3GW hole in the nation's energy strategy.

"Renewable power now presents the best opportunity for cheaper, cleaner and faster decarbonisation", executive director John Sauven said.

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