‘Landmark’ offshore wind deal set to boost Yorkshire’s coastal communities

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By 2030 the number of mega offshore wind farms in British waters is expected to double under a multi-billion pound Government-industry partnership to be announced today.

Rebecca Long Bailey MP, Labour's Shadow Business, Environment and Energy Secretary, said: "As green groups slam the deal as woeful, industry groups say they could deliver so much more and trade unions express concern over UK-based jobs and working conditions, there is one question for the government: why is its response so lacklustre when faced with the greatest challenge faced by any generation?"

Renewables share of electricity generation jumped to a record 33.1 percent in Q3 2018, from 30.0 percent in Q3 2017, with renewable electricity capacity at 43.2 GW at the end of the third quarter of 2018, up by 10 percent, or 3.9 GW, compared to a year earlier.

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 government also hopes the deal will cement Britain's leading position in the technology and has set a target of boosting exports in the sector fivefold to £2.6bn a year. The UK government, for its part, will provide up to US$732 million (£557 million) available for future Contracts for Difference.

"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".

Offshore wind now provides about seven percent of British electricity.

However, Greenpeace said the offshore wind deal did not go far enough and warned that renewables needed to be scaled up even more.

The global Floating Offshore Wind Power market 2019 is also analyzed on the basis of product pricing, Floating Offshore Wind Power production volume, data regarding demand and Floating Offshore Wind Power supply, and the revenue garnered by the product.

"Offshore wind is a central part of the world's clean energy future due to its renewed competitiveness and scalability", said Ritchie.

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.

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

"This region has been instrumental in the establishment of the United Kingdom offshore wind industry and has led the way as a major contributor to local content with innovative subsea and offshore technology". Key Company Analysis* (Overview, Products & Services, Financials**, Recent Development, and Analyst View) 9.1 Vestas Wind Systems A/S 9.2 Siemens Gamesa Renewable Energy SA 9.3 General Electric Company 9.4 Nordex SE 9.5 Senvion SA 9.6 Suzlon Energy Ltd 9.7 Xinjiang Goldwind Science & Technology Co.

The UK is already the world leader in offshore wind, with more capacity than any other country, the biggest offshore wind farms and the most powerful turbines.

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