Offshore Wind Industry May Generate $57 Billion for U.K. by 2050: Report

(Bloomberg)
Thursday, March 01, 2012

Offshore Wind Industry May Generate $57 Billion for U.K. by 2050: Report
The British government estimated that the offshore wind industry may contribute more than $57 billion to the economy by 2050, if the cost of the technology is cut quickly enough, according to a report by Bloomberg.
The industry must cut costs 25 percent by 2020 and pare the estimated 3.1 million pounds per megawatt needed to pay for wind turbines installed offshore, according to a report published by the Department of Energy and Climate Change in London today.
The U.K. plans to install 18 gigawatts of turbines at sea by 2020, up from about 2 gigawatts now. It’s aiming to obtain up to 15 percent of its energy from renewable sources and to replace aging power plants.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Hike in Service Tax at Indian Ports

  The Indian Ministry of Finance has advised an increase in service tax and applicable at all ports. The effective date has not yet been announced. The

Vessels for the Future – New R&D Initiative

Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially.

BW LPG Exercises Purchase Option on Vermilion First

BW LPG Limited exercises purchase option over Very Large Gas Carrier Vermilion First. The VLGC Vermilion First has been on a time charter with BW LPG since

Marine Equipment

Wärtsilä BWM Systems for Chemical Tankers

A series of eight new 33,000 DWT chemical tankers, currently under construction in Asia, will feature Wärtsilä Aquarius UV Ballast Water Management Systems (BWMS)

Vessels for the Future – New R&D Initiative

Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially.

BW LPG Exercises Purchase Option on Vermilion First

BW LPG Limited exercises purchase option over Very Large Gas Carrier Vermilion First. The VLGC Vermilion First has been on a time charter with BW LPG since

Wind Power

Spanish Boat Wins Leg of Ocean Race

Spanish boat Mapfre has claimed victory in the Auckland leg of the of the round-the-world Volvo Ocean Race from Sanya, China, to Auckland.   The Alicante-based

James Fisher Wind Farm Support Vessel Named

James Fisher Marine Services’s (JFMS) multipurpose wind farm support vessel, Dart Fisher, has been formally named by the vessel’s Godmother Maria McCaffery MBE,

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1994 sec (5 req/sec)