Renewables To Overtake Fossil Fuels In UK Power Generation By 2030
Renewables To Overtake Fossil Fuels In UK Power Generation By 2030
James Ritchie Chairman of Energi Coast
10 March, 2019, 15:44
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Thirty per cent of electricity will come from offshore wind by 2030, with the launch of the new joint government-industry Offshore Wind Sector Deal. This would require over 40 billion pounds worth of infrastructure investment across the UK. The UK government, for its part, will provide up to US$732 million (£557 million) available for future Contracts for Difference.
Offshore wind now provides just over 7% of Britain's power, but the government wants that increased to more than 30% by 2030.
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".
Energi Coast Chairman and Tekmar Group CEO, James Ritchie, stated that the Sector Deal is a significant step forward in creating a sustainable industry and providing real value creation to the local supply chain.
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"Oil and gas still has a major role to play in our energy needs for many years to come and I only see further offshore energy projects as an opportunity for us to adapt the skills and experiences we've gathered from oil and gas and apply them in a way that not only keeps the United Kingdom at the forefront of the global subsea operations but it also provides the industry with a greater defence against the cyclical nature of oil & gas as a stand-alone commodity", he said in an email sent to Kallanish Energy. Offshore wind can also provide additional clean generation capacity for developing countries with populations living without access to reliable electricity.
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"Renewable power now presents the best opportunity for cheaper, cleaner and faster decarbonisation", executive director John Sauven said. It means the government's latest offshore wind target of 30 gigawatts by 2030 is woefully inadequate.
Specifically, the Global Wind Energy Council (GWEC) will coordinate with the World Bank Group's Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) on efforts to accelerate the uptake of offshore wind in emerging markets by helping countries assess their offshore wind potential and providing technical assistance to help develop a growing pipeline of projects that are ready for investment by renewable energy developers.
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