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 

Name
Email
  Ctrl + Enter

Most Read

HS2 offers free training to help jobseekers get into Construction

HS2 offers free training to help jobseekers get into Construction

College leavers and West Midlands residents who want to start a career in construction have just one week left to sign up for HS2’s free job training programme.   The accredited construction training course, which takes just 6-8 weeks to complete, is open to residents aged 18 and over

New sea wall for Dawlish rail route reaches key milestone

New sea wall for Dawlish rail route reaches key milestone

The railway through Dawlish is now better protected as construction of the new, bigger sea wall has reached another major milestone.   The installation of all 164 wall panels, 203 pre-cast blocks and 189 recurve units which return waves back out to sea is now complete. This innovative design

Prime Minister approves £700m Sizewell C funding

Prime Minister approves £700m Sizewell C funding

The project, which is being developed by French energy company EDF, is expected to cost about £20bn overall and needs to attract major institutional funding to get shovels into the ground.   In a speech at Sizewell on Thursday, Johnson said he was ‘confident’ the plant

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.