August 17 - Companies active in providing logistics, transport and installation services for the renewable energy sector will be buoyed from the news that the UK Government has given planning consent to Dong Energy for the Hornsea Two offshore wind farm.
The project, which is located off the north east coast of the UK and will be the world's largest offshore wind farm, will have a capacity of up to 1.8 GW. This could meet the electricity needs of around 1.8 million UK homes per year.
Wind power is currently delivering over 12 percent of the UK's electricity. This is expected to increase to 20 percent by 2020 with offshore wind alone providing 10 percent. Offshore wind's costs have also fallen dramatically in the past few years, and it is on course to become competitive with new nuclear and gas-powered generating facilities.
RenewableUK's chief executive, Hugh McNeal, said: "Today's announcement is the latest vote of confidence in the UK's world-beating offshore wind market. This huge infrastructure project will provide much-needed investment and energy security for our country. Offshore wind represents a massive economic opportunity to the UK and our coastal regions. It is creating new jobs and regenerating local communities".