Dogger Bank to deliver $8 B boost
An $8 B (£6.1 B) contribution is expected through investment, jobs, and skills over the project lifetime.
Image for illustrative purposes
United Kingdom, North Sea: Dogger Bank Wind Farm, the world’s largest offshore wind project, is expected to contribute $8 B (£6.1 B) to the UK economy during its lifetime, according to an independent report by BVG Associates.
The report attributes the economic boost to significant investment in UK companies, job creation, and the development of local skills. Once fully operational, Dogger Bank will have a capacity of 3.6 GW and generate enough electricity to power around six million homes each year.
Built in three 1.2 GW phases more than 130 km off the Yorkshire coast, the project involves partners SSE, Equinor, and Vargronn. Direct spending in the North-East, North Yorkshire, and East Riding of Yorkshire is expected to exceed $3.9 B (£3 B), supporting thousands of jobs.
BVG Associates estimates that by 2025, around 3,600 full-time equivalent jobs will be supported across the UK, with 1,500 of these in northern regions. An average of 1,400 positions are expected to be maintained throughout the 35-year operational life of the wind farm, including roles for apprentices and trainees.
Energy minister Michael Shanks said: “As shown by this independent report, offshore wind projects such as Dogger Bank will generate billions for the UK, while also delivering thousands of good jobs – showing once again that clean power is the economic opportunity of the 21st century.”
“Offshore wind is a global sector with a global supply chain, but this report proves we have the skills, expertise and desire in the UK to fuel the energy transition and create economic value that’s far-reaching,” said Olly Cass, Dogger Bank project director.
Source: renews.biz
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