New economic analysis released today by the Carbon Trust reveals that the global offshore wind sector is set to grow by up to 10% annually and that the U.K. is expected to capture around a 10% share of the global offshore wind market by 2050. The new analysis also concludes the sector could be employing up to 230,000 people in the U.K. by 2050.
The research examined the potential of offshore wind to drive green growth in the U.K., based on global deployment levels of up to 1,150 GW by 2050. The Carbon Trust looked in detail at jobs and revenues by industry sector, including turbines, foundations, collection and transmission systems, installation, and the operation and maintenance of offshore wind farms.
‘This analysis confirms that offshore wind is a strategically important economic asset for the U.K. that can deliver long-term growth and energy security,’ says Benj Sykes, director of innovations at the Carbon Trust.
By 2050, the greatest contribution for the U.K. will be created by the operation and maintenance of offshore wind farms, followed by turbine manufacture and installation, according to the Carbon Trust.
The analysis also concludes that offshore wind could create up to 230,000 jobs in the U.K. by 2050. Export from the U.K. offers significant growth potential, generating up to 80% of total jobs out to 2050.
SOURCE: Carbon Trust