Offshore wind turbines to power past fossil fuels by 2030


The Wind Power Casting market report also provides New Project Feasibility Analysis, Industry Barriers, New Entrants SWOT Analysis and Suggestions on New Project Investment in Wind Power Casting Market.

Floating Offshore Wind Power Market Overview 3.1 Introduction 3.2 Market Size and Demand Forecast until 2023 (in Dollars billion) 3.3 Recent Trends and Developments 3.4 Government Policies & Regulations 3.5 Investment Opportunities 4. In the same timeframe, exports to Europe, Japan, South Korea, Taiwan and the USA will increase five times, to $3.4 billion per year. This report divides the Wind Turbine Blade market based on the key players, Type (Pointed, Flat, Hook), Application (Electric Equipment, Generator) and Regions.

The program will convene developing country governments, commercial developers, development partners, and wind energy experts to raise awareness around offshore wind opportunities in emerging markets and lay the groundwork for a pipeline of new projects that could be supported by World Bank or IFC financing.

She added: "The UK has been very successful in delivering offshore wind and with this sector plan we must ensure that we are able to maximise the power produced by new offshore wind farms".

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".

In an agreement the sector said will help to create "tens of thousands of highly-skilled jobs" across the United Kingdom and attract "billions of pounds in investment", offshore wind production is set to increase from around seven per cent of British power to more than 30 per cent by the end of the next decade, providing 27,000 jobs in the sector.

And industry-body RenewableUK said the deal was about creating opportunities for the people who would be part of the 27,000 workforce. "We also want to ensure far more diversity in the industry, by reaching a target of at least 33% women employees by 2030, and by recruiting people from a wider variety of ethnic backgrounds".

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Justin Bowden, GMB National Secretary, said: "Trade unions are all about jobs, so any initiative that leads to more work, particularly for women who are now underrepresented in the energy sector, is welcome".

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

"The truth however is that to date the so-called "green jobs revolution" has largely been a figment of the imagination of politicians of all parties and those pushing for an over reliance on renewables - with all the risks to our future energy supply and economic competitiveness".

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". This represents a significant opportunity for cost-competitive, large-scale fixed or floating offshore wind projects located close to areas of high energy demand.

Scottish Energy Minister Paul Wheelhouse said: "Offshore wind has a key role to play in achieving our ambitious energy targets and delivering a low-carbon energy system".