Speaking at RenewableUK’s Global Offshore Wind 2023 conference at ExCeL in London this week, the Scottish Government’s minister for energy and the environment, Gilliam Martin, discussed the economic and social opportunities offered by floating offshore wind.
Around 70,000 extra jobs in the onshore wind sector are needed between now and 2030, says a report by the Offshore Wind Industry Council (OWIC), with the total exceeding 100,000.
A new study by the Energy and Climate Intelligence Unit (ECIU) has found that the energy generated from one wind farm would negate the need for new North Sea Gas fields, whilst heat pumps could save half the gas required by a moratorium on new North Sea licences.
The US and UK have signed the ‘Atlantic Declaration’ confirming that the two nations will cooperate on building a "clean energy economy of the future".
The UK government has announced changes to the Energy Profits Levy, which put a marginal tax rate of 75% on North Sea oil and gas company profits which will see the tax rate fall back to 40% if prices “consistently return to normal levels for a sustained period.”
A report released by the Institute for Public Policy Research (IPPR) has claimed that the English planning system is “not fit for purpose” and this could halt development of onshore wind and solar.
This week’s issue of Current± Price Watch – powered by Enact – explores the International Energy Agency’s latest report forecasting significant growth for renewables, National Grid ESO’s planned reforms for grid connectivity and a newly proposed interconnector between Northern Ireland and Scotland.
Ofgem has called to prospective investors to bid for £7 billion worth of offshore transmission assets that will be auctioned in two bidding rounds in 2024 and 2025.
