The Worlds #1 Renewable Energy Network for News & Information
Sign In or Register
Renewable Energy World Logo
Tuesday, May 21, 2013
  • Sections
    • Home
      • News
      • Opinion & Commentary
      • Featured Blogs
      • Research & Reports
      • Video
      • Press Releases
      • All Blogs
      • Events
      • Products
      • Finance
    • Solar
      • News
      • Opinion & Commentary
      • Featured Blogs
      • Research & Reports
      • Video
      • Press Releases
      • All Blogs
      • Events
      • Products
      • Finance
    • Wind
      • News
      • Opinion & Commentary
      • Featured Blogs
      • Research & Reports
      • Video
      • Press Releases
      • All Blogs
      • Events
      • Products
      • Finance
    • Geothermal
      • News
      • Opinion & Commentary
      • Featured Blogs
      • Research & Reports
      • Video
      • Press Releases
      • All Blogs
      • Events
      • Products
      • Finance
    • Bio
      • News
      • Opinion & Commentary
      • Featured Blogs
      • Research & Reports
      • Video
      • Press Releases
      • All Blogs
      • Events
      • Products
      • Finance
    • Hydro
      • News
      • Opinion & Commentary
      • Featured Blogs
      • Research & Reports
      • Video
      • Press Releases
      • All Blogs
      • Events
      • Products
      • Finance
    • Careers
    • Companies
      • Company Directory
      • Press Releases
      • Products
      • Events Calendar
      • White Papers
    • Webcasts
      • All Webcasts
      • Featured Webcasts
      • Upcoming Webcasts
      • Archived Webcasts
      • Events Calendar
    • White Papers
    • Magazines
      • Renewable Energy World
      • Wind Technology
      • Large Scale Solar
      • Hydro Review
      • HRW - Hydro Review Worldwide
      • Renewable Energy World (North America Edition)
      • Photovoltaics World
    • Awards
  • Account
    • Sign In
    • Register
  • Search

UK To Capture 10% of £170bn Offshore Market by 2050

Ivan Castano, Contributor
April 06, 2011  |  0 Comments

Offshore wind is set to grow strongly in the UK, which will account for 10% of the global market by 2050, according to renewable energy non-profit Carbon Trust.

In a statement, the organisation, which is funded by the government and private business, said the offshore market would be worth £170bn in 39 years, employing 230,000 people in the UK. Roughly 80% of those jobs will come from exports.

Citing a Carbon Trust market study, the agency said offshore wind could generate as much as £10bn in economic activity each year - or £100bn cumulatively between 2010-50 to UK GDP.

UK output could make up 10% of global generation levels, which are set to rise to 1150 GW by 2050, the organization added. It said offshore wind farm operation and maintenance procedures, followed by turbine manufacture and installation, will provide the greatest economic contributions.

Carbon Trut's director of innovations Benj Sykes said: "This analysis confirms that offshore wind is a strategically important economic asset for the UK that can deliver long term growth and energy security."

"The economic prize for the UK economy is vast and we have to grab it now," he added. "We are in an excellent position to be a global market leader."

 

0 Comments

Register To Comment

Add Your Comments

To add your comments you must sign-in or create a free account.

  • Create a Free Account!
  • Sign-In
ivan castano

ivan castano

Ivan Castano is a freelance journalist based in Miami. His work has appeared in Thomson Reuters’ International Finance Review (IFR), Dow Jones’ Financial News, Euromoney, Trade & Forfaiting Review and a range of trade publications covering...
  • About
  • Articles
  • Contact
  • FOLLOW
  • CONTACT
Stay Connected
         
To register for our free e-Newsletters, create your free account here:

Editors' Picks

  • EU Debate Over Climate Change Policy Could Dampen Renewable Energy Growth
  • Wind Power — Even without the Wind

Most Commented

  • 17
    The Economic Case for Divesting from Fossil Fuels
  • 11
    Breakdown: Penetration of Renewable Energy in Selected Markets
  • 5
    No Easy Fix for Broken Wind Turbine at US High School
  • 5
    Ireland Keen to Hit 2030 Renewable Targets, Says EU Ambassador

Total Access Partners

Growing Your Business? Learn More about Total Access
  • Johnson Controls, Inc.
  • Renewable Energy World Asia
  • ASME - American Society of Mechanical Engineers
  • GoGreenSolar.com
  • SolarInsure, Inc.
  • marcus evans
  • The Stella Group, Ltd.
  • Admirals Bank
News
  • Renewable Energy
  • Solar Energy
  • Wind Energy
  • Bioenergy
  • Geothermal Energy
  • Hyrdo Power
  • Blogs
  • Video
  • Finance
Resources
  • Companies
  • Products
  • Careers
  • Events
  • Webcasts
  • White Papers
  • Magazines
  • Press Releases
  • e-Newsletters
Company
  • About Us
  • Our Team
  • Contact Us
  • Advertising & Services
  • Privacy Policy
  • Terms & Conditions
  • Site Map
Network Partners - Magazines
  • Hydro Review Magazine
  • Hydro Review Worldwide Magazine
  • Renewable Energy World Magazine
Network Partners - Events
  • Power-Gen International
  • Renewable Energy World Conference & Expo North America
  • Renewable Energy World Conference & Expo Europe
  • Renewable Energy World Conference & Expo Asia
  • Renewable Energy World Conference & Expo Africa
  • Renewable Energy World Conference & Expo India
  • HydroVision International
  • HydroVision Brazil
  • HydroVision India
  • HydroVision Russia
© Copyright 1999-2013 RenewableEnergyWorld.com - All rights reserved.
RenewableEnergyWorld.com - World's #1 Renewable Energy Network for news & Information