A report published by RenewableUK shows for the first time that UK-based companies working in the wind, wave and tidal energy sectors are exporting goods and services worldwide on a massive scale.
One of the companies profiled in the report is JDR Cables based in Hartlepool. JDR’s world-leading solutions bring power and control to energy systems in the global offshore renewable industry. JDR is the only UK manufacturer of intra-array cables and is the worldwide market leader. JDR is contributing to reducing the cost of renewable energy through innovation and industry collaborations, including the introduction of 66kV cables to support increasing power transmission from offshore wind farms.
It’s the first time that the industry has assessed the extent of Britain’s global reach in our innovative wind and marine energy industries, and the wide range of products and services we sell overseas. The diverse reach of the contracts indicates that the UK is well placed to benefit from the $290bn global renewables market, trading with countries inside and outside the EU.
“Export Nation: A Year in UK Wind, Wave and Tidal Exports” reveals that in 2016, an illustrative sample of 36 UK-based firms featured in the report signed more than 500 contracts to work on renewable energy projects in 43 countries in Africa, Asia, North America, South America, Europe and Australasia. The contracts featured ranged in value from £50,000 up to £30 million each.
RenewableUK’s Executive Director Emma Pinchbeck said: “JDR is a great example of how UK companies are seizing the opportunity to get involved in the global renewable energy market, which is worth $290 billion a year overall.
The UK’s wind, wave and tidal energy exports are great British success stories on the international stage. Our leadership in renewables – thanks to companies like JDR – will become even more important as the marketplace grows in the years ahead”.