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Renewables industry can take the lead in Government’s modern Industrial Strategy

23 January 2017   (0 Comments)
Posted by: Rob Norris
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RenewableUK welcomes the Government’s commitment to “support industries of the future” in its modern Industrial Strategy. This includes delivering affordable energy and clean growth, investing in science, research and innovation, upgrading infrastructure and boosting trade and inward investment.

 

The Prime Minister Theresa May launched the proposals “to drive growth across the whole country and create more high skilled, high paid jobs” in a Green Paper published today.

 

RenewableUK’s Executive Director Emma Pinchbeck said: “The Prime Minster has taken a bold step by focussing specifically on innovative new industries where the UK is leading the world, and which are challenging the old order. That’s exactly what our wind, wave and tidal energy industries are doing by delivering affordable energy and clean growth – key pillars which Theresa May has set out in her bold vision for modern Britain.

 

It’s exciting to see a focus on innovative solutions such as electric vehicles, which will need clean sources of energy to power them. Moves to increase the use of energy storage and battery technology - one of the most exciting fields which our member companies are pioneering - with the creation of a new research institute will also ensure renewables remain at the forefront of our power generation.

 

Our offshore wind and marine energy industries are the envy of the rest of the world, with economic benefits being reaped around the UK from the shipyards of Liverpool to the banks of the Humber to the waters of Orkney. The global renewable energy market is worth $290bn a year, so it’s crucial that the final Industrial Strategy provides a strong Sector Deal for our wind and marine technologies.

 

Energy costs are crucial for all industries, so as this reboot for Britain takes shape, with renewable energy now a mainstream power source, we need to maximise the benefits we all get from the investments that have been made in modernising the way we generate electricity. This means that onshore wind has a key role to play in our future energy mix, as it’s the cheapest form of new power for Britain”.

 

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For further information, please contact:

  • Jennifer Webber, Director of External Affairs, 0207 901 3012 or 07792 463 445
    Jennifer.Webber@RenewableUK.com

  • Robert Norris, Head of Communications, 0207 901 3013 or 07969 229913 Robert.Norris@RenewableUK.com

  • Adam Wentworth, Communications Officer, 0207 901 3038 or 07791 702702 Adam.Wentworth@RenewableUK.com

    Notes:

  1. RenewableUK is the trade and professional body for the wind, wave and tidal energy industries. Formed in 1978, and with more than 400 corporate members, RenewableUK is the country’s leading renewable energy trade association.

  2. More on the Government’s Industrial Strategy.

  3. Bloomberg New Energy Finance: in 2016, $287.5bn was invested in renewable energy worldwide.

  4. The UK’s leading annual marine energy conference and exhibition Wave & Tidal 2017 is taking place on London on 23rd February.

  5. Europe’s biggest offshore wind energy conference and exhibition, Offshore Wind Energy 2017, will be held in London on 6th-8th June.


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