Renewables to generate major jobs boost

An array of solar panels. Photo: Luke McKernan.
An array of solar panels. Photo: Luke McKernan.

Expected investment of £64.4Bn in renewables by 2020 could create over 20,000 new energy jobs over the next three years alone, according to a report by the Renewable Energy Association (REA) in collaboration with Innovas and PwC.

 

‘REview – Renewable Energy View: 2014’ was formally launched by Energy Minister Greg Barker last night in the House of Commons.

 

REview finds that renewable electricity generation grew steadily between 2009 and 2013, increasing on average by 20.3% year on year. Renewable heat generation has also grown, increasing on average by 11.3% from 2009 to 2012 (the last full year for which data is available).

 

PwC head of renewable energy Ronan O’Regan said: “With recent historical investment dominated by renewable electricity, investment in renewable heat has been modest in comparison and this market requires a rapid scale up in investment levels if we are to achieve our overall 2020 renewable energy targets.”

 

The renewable energy industry has attracted almost £30Bn of private sector investment since 2010, sustaining 103,000 engineering jobs in 2013. Innovas said this was down 7,000 compared to 2011, mainly due to job losses in the small scale solar industry. REA expects however that recent growth in anaerobic digestion and large scale solar power, along with anticipated growth in renewable heating, will boost technical job numbers to between 110,000 and 124,000 in three years’ time.

 

Innovas director John Sharp said: “What is encouraging is that much of the growth is being felt in the UK regions outside of the South East, anchoring jobs in regions and rural areas where good quality long term employment prospects in the renewable energy sector are contributing to improvements in the economic, social and community wellbeing of these areas.”

 

REA chief executive Dr Nina Skorupska said: “This report highlights the close relationship between clear, stable policies and sustained growth and jobs in the renewable energy industry.”

Please rate

Comments 

Ctrl + Enter

Most Read

IR35 coming to the private sector in 2020

IR35 coming to the private sector in 2020

Due to changes introduced in the Autumn Budget, from autumn 2020, off-payroll working rules which have only been applicable to the public sector will be also implemented in the private sector as well. What this means, is that the end client (hiring manager) of a worker will now be in the position

Engineering in the UK: Outlook for 2019

Engineering in the UK: Outlook for 2019

Between 2015 till date, engineering has grown exponentially in the United Kingdom (UK) and Europe as a whole. This growth in the range of a 6% rise in number of UK engineering enterprises within the past couple of years has gone on to prove just how relevant to the economy engineers and the science

Ten highest paying I.T jobs in 2019

Ten highest paying I.T jobs in 2019

The I.T industry is arguably the most in-demand industry for technology/Engineering professionals. Once you have the right skill and certification, the I.T industry will jump at the chance to employ you and grant you a befitting role. From application developers to Data Engineers, the sector is in

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.