• Home
  • Business
  • UK Says Offshore Wind Will Provide One-Third of Its Electricity By 2030
Image

UK Says Offshore Wind Will Provide One-Third of Its Electricity By 2030

One-third of the U.K.’s electricity will come from offshore wind power by the year 2030, with jobs in the sector potentially tripling to 27,000, according to plans announced by authorities today.

Launching the joint government-industry Offshore Wind Sector Deal, Energy and Clean Growth Minister Claire Perry said it would “drive a surge in the clean, green offshore wind revolution that is powering homes and businesses across the U.K.”

Perry added that the deal would also bring investment to coastal communities and ensure that the U.K. maintained its “position as global leaders in this growing sector.”

Under the deal, the sector will invest as much as £250 million ($328.21 million) to set up an Offshore Wind Growth Partnership “to support productivity and increase competitiveness.”

The Offshore Wind Industry Council, a government and industry forum, said that the new deal would almost quadruple the capacity of offshore wind from 7.9 gigawatts (GW) today to “at least” 30 GW by 2030.

In 2017, offshore wind’s share of electricity generation was 6.2 percent, with onshore wind accounting for 8.6 percent, according to statistics from the Department for Business, Energy & Industrial Strategy.

A world leader in offshore wind, the U.K. is home to 37 offshore wind farms made up of almost 2,000 turbines, according to RenewableUK.

It also boasts the Walney Extension Offshore Wind Farm, the world’s largest operational offshore wind farm. Located in the Irish Sea, Walney Extension has a total capacity of 659 megawatts and can power nearly 600,000 homes in the U.K., according to Danish energy firm Orsted.

SOURCE: CNBC

Related Posts

South Africa: Lula secures over $21m to boost SME funding

South African fintech Lula has secured R340 million (over $21 million) in local currency funding from the Dutch…

Ifeyinwa Osime appointed Chair of Access Bank board

Access Holdings Plc has announced the appointment of Mrs. Ifeyinwa Osime as the new Chairman of the Board…

Simba Group, LAPO to enhance asset financing for mobility entrepreneurs

Simba Group, the exclusive distributor of TVS Tricycles (popularly known as Keke) and motorcycles in Nigeria, has entered…

Nedbank plans 66% acquisition of NCBA Group

South Africa’s Nedbank Group Limited has announced its intention to acquire a controlling 66% stake in NCBA Group…

Olayinka Mubarak leads BOI Investment & Trust Company

The Bank of Industry (BOI) has announced the appointment of Olayinka Mubarak as the Managing Director of BOI…

FNB Foundation,PEP to enhance education readiness

First National Bank Botswana, through its FNB Foundation, has signed a Memorandum of Understanding (MoU) with retail giant…

Standard Chartered tops Ghana banking customer experience rankings

Standard Chartered Bank Ghana has once again secured its position as the leading provider of customer service in…

PAC Holdings appoints Nentok Gomwalk Group Executive Director

PanAfrican Capital Holdings Limited (PAC Holdings) has appointed Nentok Gomwalk as Group Executive Director (GED). Gomwalk’s was formerly…

ARM launches N200bn Financing for SMEs

ARM Investment Managers has launched a N200 billion Private Debt Fund targeted at providing long term financial aid for Nigeria’s small…

Leave a Reply

Your email address will not be published. Required fields are marked *