The recent, uplifting study by Vivid Economics in London, “Quantifying the economic benefits of onshore wind to the UK”, offers a positive prospect for the onshore wind energy industry in the United Kingdom.
The study was commissisoned by RenewableUK. Its findings say, amongst other things, that onshore wind is the cheapest source of new generation energy and could reduce electricity costs by up to 7% compared to natural gas (with carbon costs) in 2035, saving the average household £50 per year. It explains that the sector could nearly triple employment, supporting 31,000 jobs by 2035 with 14,000 people directly employed in the industry. Importantly it points out that the UK supply chain could capture £360m of the global onshore wind market by 2035, a rapidly growing market which is expected to increase by 4-fold from today.
What is not to like? Business opportunities don’t come easily in this day and age and the UK could excel it’s position in the wind energy market even further. We now need an onshore wind sector deal, in addition to the offshore wind one, and then harness this opportunity.
We are looking forward to meeting all of you that are part of the wind energy industry in the UK, Ireland and worldwide to spread the word at WindEnergy 2020 in Hamburg, the Global Wind Summit. If you like to contact us, the UK and Ireland representatives for WindEnergy, you can do so via our website, LinkedIn or by emailing us.