Offshore Renewables

By SalM on July 21, 2020 in Other News Articles

Marine Renewables

Europe is the global leader in offshore wind. Over the last decade the sector has attracted average investments of €9.4bn per year, more than any other renewable technology. This has fuelled the development of a thriving sector creating jobs and exports of equipment, skills, and services. There are 33,000 direct jobs in the offshore wind industry in Europe, and a further 140,000 indirect jobs active in both, on- and offshore wind (WindEurope, 2020).

The development of marine renewables is being driven by demands for increased renewable energy production as a result of policies to reduce reliance on fossil fuels and to mitigate the effects of climate change. The EU is committed to having 20% of its energy production from renewable sources by 2020. The European Commission estimates between 240 and 450 GW of offshore wind power is needed by 2050 to keep temperature rises below 1.5°C, up to twenty times current capacity. Electricity will represent at least 50% of the total energy mix in 2050 and 30% of the future electricity demand will be supplied by offshore wind (European Commission, 2020).

To read more informations follow this link to the Offshore Renewables – OSPAR Commission website