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Offshore wind industry adds more than 900m to economy

New figures recently issued by RenewableUK shows that the offshore energy wind industry added £906 million to the UK economy in 2014.

The latest statistics were compiled as part of a report conducted by BiGGAR Economics on behalf of RenewableUK.

Benefits to Local Regions

Local regions are also benefiting from the drive towards renewable forms of power generation. In Yorkshire and Humberside, 379MW of onshore wind is being used to help power more than two hundred thousand homes.

Employers, manufacturers and consultants from the region are also benefiting from the trend towards green energy supply with local firms. The South West and East of the country were also beneficiaries of the offshore wind industry.

Commenting on the figures, RenewableUK’s Chief Executive, Maria McCaffery, said,

 “The British onshore wind energy industry is adding over £900 million a year to the national economy, so the benefits to the UK are clear to see. This report also shows that £7 of every £10 spent on onshore wind projects is invested here in the UK. Onshore wind powers local economies, bringing £199 million of investment into the local communities that host wind farms and creating jobs across the supply chain. The industry is helping to propel Britain to a brighter, cleaner and more secure future – onshore wind is already the lowest cost of all low carbon options and is set to become the least cost form of all electricity within the next five years.

Wind Power in Wales

The figures published by RenewablesUK shows that Wales is likely to gain £799 million of economic benefit from onshore wind power over a lifetime. 559 megawatts of wind power is already being used; Mid Wales and South Wales are the most active in this area.

Wind Power in Scotland

Scotland has also benefited from the move towards green energy. Figures released by RenewableUK show that Scotland will gain £7bn worth of economic benefit over a lifetime due to onshore wind power.

Scotland has been at the forefront of wind power and it has 4,918 megawatts of onshore wind power in use. This is enough to produce enough power for more than 2.5 million homes in Scotland.

South Lanarkshire, the Highlands and the Scottish Borders are the areas using the most wind power, and Scottish companies such as Scottish Power Renewables, Natural Power and SSE are among those helping to facilitate the supply of wind power.

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