British offshore industry investments to generate green energy jobs

According to recent research by Robert Gordon University in Aberdeen, three new investments in low-carbon technology are likely to generate around 26,000 new energy jobs in the UK by the year 2030.

The research was commissioned recently by Offshore Energies UK (OEUK) as part of the 2021 North Sea Transition Deal, an agreement between the UK government and the offshore gas and oil sector. The deal recognises the role of the industry in delivering secure supplies of gas and oil, while enabling offshore to provide low-carbon alternative energy production, including offshore wind.

The university studied three investment scenarios to assess how many jobs the agreement might generate by 2030. It discovered that if the government’s recently established British Energy Security Strategy targets were hit, by 2030, Britain would be employing an additional 26,000 people, amounting to 15 per cent of the offshore industry’s total workforce.

It also found that the UK would be running a total of 10 offshore gas or oil platforms with low-carbon electricity and would be able to store 30 million tons of CO2 each year underground. Finally, it would produce 10 gigawatts per year of hydrogen, which is the equivalent output of 10 large-size power stations.

UK consumers interested in green technology and energy assets often seek expert investment advice in Chester, Aberdeen and other parts of the country. Independent financial advisors like wealth managers can be called upon to provide guidance on a wide range of areas, including active portfolio management.

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