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The UK and export market for offshore wind products and services provided by UK-based firms is expected to be worth GBP 4.9 billion a year by 2030, according to a new prospectus by the former McLaren Group CEO and Formula One Team Principal Martin Whitmarsh.
The Trade Council of Denmark’s Offshore Wind Alliance has kicked off a week-long roadshow in the USA.
Times are changing in the offshore energy market. Investments in the oil & gas industry are low, while development and investments in offshore renewable energy are high and very much increasing. The shallow waters of the North Sea area, in particular, show an increasing level of investments in renewable energy and more specifically, in wind energy.
RenewableUK has urged the new UK government and opposition parties to put the development of renewables at the heart of energy policy, so that consumers can benefit from cheaper power.