Norstec is a major government initiative that Prime Minister David Cameron calls “a second, clean energy revolution in the North Sea.” It will dramatically increase the amount of offshore wind production in the North Sea.
The partnership, first announced in April, includes over 40 key industry and government partners — about half of those being companies, including Siemens and Vestas — and could have major implications for the future of green business and energy in the UK.
Norstec estimates that over 185,000 new jobs could be created in the UK by 2020 due to this major new push in offshore wind farms, with the potential to generate the electricity equivalent of 1 billion barrels of oil per year from UK wind production by 2050, matching North Sea gas and oil production.
Cameron’s full statement released by the UK government on Norstec was: “I continue to be strongly supportive of the UK offshore renewables sector and am delighted to see Norstec rising from the waves. As I said when I launched this network last April we are on the cusp of a second, clean energy revolution in the North Sea. Close collaboration between industry and government will be critical to making this happen.”
The initiative is good news for manufacturers of wind turbines and signals that the UK will be aggressive in weaning itself off of fossil fuels. This opens the door for entrepreneurs and green manufacturers — even small suppliers — to ride the impending wave of green enthusiasm and spending. Many experts say that collaboration will be key — collaboration between manufacturers across the supply chain, installers, the government, and big players in the energy industry.
For companies poised to explore the opportunities for green partnerships or for those looking for suppliers for their green initiative, Duedil offers a great place to start, providing first-rate reports on companies, including financials, key players at each company, legal histories and other crucial information one needs to evaluate a potential partner or supplier. To find out more about all this, begin your search for companies at Duedil.
Image: North Sea offshore wind farm via Shutterstock