Jeremy Sainsbury OBE, Director at Natural Power, said: "The Offshore Wind Sector Deal is great news for the Natural Power team that offers a whole range of services". In 2017, the global offshore wind power installations reached 4,334 MW, thereby increasing the cumulative installed capacity of offshore wind capacity to 18,814 MW.
It would mean that, for the first time, more electricity is generated by renewables than fossil fuels, with a predicted 70 per cent of power coming from low-carbon sources by 2030.
A third of Britain's electricity will be produced by offshore wind power by 2030, according to a release issued on Thursday by the Department for Business, Energy and Industrial Strategy.
MHI Vestas vice president Julian Brown said: "Our recent investment on the Isle of Wight is already delivering on the sector deal ambitions, creating almost 400 new highly skilled jobs in 2019, exporting over three quarters of our 2019 output and investing £1m in a four-year skills programme".
By 2030, the United Kingdom government expects 70 percent of the electricity generated in the United Kingdom to come from low-carbon sources, with offshore wind power in the country's generation rising to 30 percent by 2030.
"It would also ensure that offshore oil and gas workers' with the industry standard OPITO qualifications will be allowed to transfer between sectors free from the barriers unilaterally imposed by the Global Wind Organisation".
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With the Sector Deal now in place, those exports are set to increase fivefold in value to £2.6 billion a year by 2030. This report divides the Wind Turbine Blade market based on the key players, Type (Pointed, Flat, Hook), Application (Electric Equipment, Generator) and Regions.
Key Strategic Developments - The study also includes the key strategic developments of the Offshore Wind Cable market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, Global and regional growth of the leading competitors operating in the market on a global and regional scale.
The government will also provide £4m for a programme to help countries such as Indonesia, Vietnam and Pakistan invest in offshore wind projects using British technology. This would require over 40 billion pounds worth of infrastructure investment across the UK. Although 84% of the total offshore wind installations are in the European waters, the governments outside the European region, particularly in the Asia-Pacific and North America have set an ambitious target for the installation of offshore wind farms in their respective territorial waters.
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. This represents a significant opportunity for cost-competitive, large-scale fixed or floating offshore wind projects located close to areas of high energy demand. "This investment will allow our world-leading expertise to be shared globally to encourage developing countries to move away from dirty coal power and embrace renewable energy, growing their economies". Companies are burgeoning in clusters, creating new centres of excellence in this clean growth boom.
The British government sees offshore wind as a genuine opportunity to lead.