COASTAL communities in the Humber and East Yorkshire that have been "revitalised" by the offshore energy sector could be set for a further boost after the Government unveiled a "landmark" new deal with the industry.
The floating offshore wind power market is anticipated to witness growth in coming years on account of increasing focus on creation of floating offshore wind power infrastructure and technological advancements associated with the same.
A total 70 percent of the country's electricity is predicted to be generated from low-carbon sources by 2030.
Rebecca Long Bailey MP, Labour's Shadow Business, Environment and Energy Secretary, said: "As green groups slam the deal as woeful, industry groups say they could deliver so much more and trade unions express concern over UK-based jobs and working conditions, there is one question for the government: why is its response so lacklustre when faced with the greatest challenge faced by any generation?"
Energi Coast, North East England's offshore wind cluster, has declared the region's supply chain "fit and ready" to support the growth of the industry following the announcement of the Sector Deal for the offshore wind industry.
Vattenfall head of business area wind Gunnar Groebler said: "We know that we can meet the challenge of delivering a third of United Kingdom electricity demand by 2030 in partnership with the government, underpinning the shift to a low carbon economy".
"The sector deal will ensure that even more of these companies win work not only on here, but around the world".
Sales and Revenue Analysis - The Offshore Wind Cable report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
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 offshore wind industry is set to grow massively in the years ahead and we believe that Natural Power is well positioned to help developers secure the benefits this deal will provide to the sector".
The Chief Executive of RenewableUK, Hugh McNeal, said: "The Sector Deal is about creating opportunities for the people who will be part of our 27,000-strong offshore wind workforce".
John Sauven, executive director of Greenpeace UK, said: 'The Government's plans for a fleet of new nuclear reactors has collapsed.
As part of the country's modern Industrial Strategy, Britain aims to become a global leader in renewable sectors with more investment potential than any other country in the world. It means the government's latest offshore wind target of 30 gigawatts by 2030 is woefully inadequate.
Wind Turbine Casting is the casting accessories used in the wind energy systems and equipment. "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".
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