UK commits to 30% offshore wind target by 2030 in new sector deal
07 March, 2019
The UK has launched its new joint government-industry Offshore Wind Sector Deal in a bid to boost offshore wind electricity generation to meet one third of the UK’s electricity demands by 2030.
Leading industry players have agreed to invest £250m over the next 11 years, while the government will provide subsidies of £557m for new clean power auctions.
The Department for Business, Energy and Industrial Strategy (BEIS) said the deal could triple the number of jobs in offshore wind to 27,000 by 2030 and more than double the number of women working in the sector.
It hopes the deal will boost global exports to Europe, Japan, South Korea, Taiwan and the US to £2.6bn, an increase on today’s levels by a factor of five.
The creation of a new internationally-recognised Offshore Energy Passport will also be developed to help workers transfer their skills across sectors in a bid to promote diversification.
As well as promoting exports, the deal also guarantees a new target for UK offshore wind projects to include 60% UK content.
Find out more about the global offshore wind sector in the EIC’s latest Insight Report here. You can also find out about key opportunities and meet the leading players in the sector at EIC Connect Energy 2019.