2016 saw construction activity in the UK’s offshore wind farm sector hit a record high, with total construction value for all projects reaching £4.1 billion. There were three big projects that had a significant impact last year – the East Anglia One, Beatrice and Galloper wind farms.
This is according to the latest report from Barbour ABI, revealing that offshore wind farms alone constituted 42 per cent of the construction contract value in the utilities and power sector in the UK, as well as 21 per cent of the infrastructure sector.
Lead economist with the company Michael Dall commented: “Back in 2013 offshore windfarms accounted for only 7.5 per cent of the annual construction value for the utilities and power sector, which increased to 42 per cent in 2016, on the back of significant investment in this type of project. With reports showing that the cost of producing electricity in this way have fallen significantly, the increase in construction value makes sense.”
This follows a recent report from the Global Wind Energy Council, predicting that by the year 2030 wind power could in fact supply 20 per cent of electricity demand globally, helping the sector to reduce its carbon emissions by more than 3.3 billion tonnes each year.
This would mean that the industry would be better able to attract investments worth billions of pounds, with millions of jobs created over the next few years as well.
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