That’s the word from Carbon Trust, which recently released a new economic analysis indicating that the global offshore wind sector is set to grow by up to 10 per cent per year, with the U.K. standing to capture around a 10% share of the market. Based on global deployment levels of up to 2050–on par with current trends–the research examined the potential of offshore wind to drive green economic growth in the country.
Examined in detail were jobs and revenues by industry sector, including turbines, foundations, collection & transmission, installation and the operation and maintenance of offshore wind farms. Offshore wind was found to represent a potential gross contribution to the United Kingdom’s Gross Domestic Product of up to £10 ($16.34) billion a year.
It is estimated that by 2050, offshore wind’s greatest contributions to the UK will be the operation and maintenance of offshore wind farms, followed by turbine manufacture and installation. Exports reportedly will offer significant growth potential, generating up to 80 per cent of total jobs. More information is available from the Carbon Trust online.
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