All Energy Show in Aberdeen to Reveal Offshore Valuation Study

In its tenth consecutive year the All Energy show kicks off today in Aberdeen. According to the organisers this year’s show will feature 400 participating companies from the renewable energy sector representing 16 different countries.

Already a reference in the renewables sector the fair will feature a series of sessions about wind power, marine energy innovations and a few others all focused obviously in renewable energy generations. But one session in special is causing a lot of buzz.

For the first time ever a full economic valuation of Britain’s offshore renewable energy resources will be presented by the Offshore Valuation Group, a group of organisations from the public and private sector, chaired be the Public Interest Research Centre.

In short, the report said wind and wave power has the potential to generate the same amount of electricity as is currently achieved by North Sea oil and gas production. By achieving only a third of its full potential 145,000 jobs could be created and by 2050 the UK could export electricity.

Tim Helweg-Larsen, Director of PIRC, said: “To discover that we own a resource with the potential to return the UK to being a net power exporter, and on a sustainable basis, is genuinely exciting, and a wake-up call to those in a position to foster the further development of this industry.”

Such potential associated with Government incentives, private funding, technical expertise and development projects in hand is pushing the Highlands and Island into pole position globally when the subject is green energy generation.

The co-operative Bank, a bank specialised in small to medium renewable projects of up to £25m will use the event to launch a new Scottish renewables team. The Co-operative also announced that it has designated £200m for renewable projects which will be mostly spent in Scotland.

Meanwhile governing bodies are preparing the sector to avoid the same errors committed by the oil and gas industry. Brian Nixon, Chief Executive of Aberdeen based industry forum Decom North Sea wants companies planning to invest in renewable energy operations to present a decommissioning plans to demonstrate how they will fund these projects at the end of their life spans.

“Where the oil and gas industry did not always think ahead and consider what would happen to installations at the end of their lifespan, the people behind the ongoing wind developments can think about how they are getting infrastructure in place and how it will be taken away afterwards.” he said

And added:

“By taking this action, they will ensure future projects are truly sustainable and environmentally appropriate.”

If all the predictions made by the Offshore Valuation Study are met, Britain is on its way towards a low carbon economy not to mention that this is a huge boost towards meeting our Climate Change Bill agreements.

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1. [...] May 20, 2010 by drointer Leave a Comment via catalyst-commercial.co.uk [...]

   Pingback by All Energy Show in Aberdeen to Reveal Offshore Valuation Study « UK Energy Broker — May 20, 2010 @ 4:43 pm

2. [...] All Energy Show in Aberdeen to Reveal Offshore Valuation Study May 20, 2010 Posted by drointer in Uncategorized. trackback via catalyst-commercial.co.uk [...]

   Pingback by All Energy Show in Aberdeen to Reveal Offshore Valuation Study « Energy Broker UK — May 20, 2010 @ 4:52 pm

3. UK Energy Trade Show in Aberdeen…

   We need to start looking fast at alternative energy sources, as there will be an energy gap in the short term future of the uk energy market….

   Trackback by pligg.com — May 26, 2010 @ 3:06 pm

4. The green energy show in Aberdeen…

   Renewable sources of energy dont just mean solar and wind, there are bio mass plants now and thermal energy sources that need to be marketed more in the UK….

   Trackback by pligg.com — May 26, 2010 @ 3:19 pm

5. UK Energy Trade Show in Aberdeen…

   Renewable sources of energy dont just mean solar and wind, there are bio mass plants now and thermal energy sources that need to be marketed more in the UK….

   Trackback by pligg.com — May 27, 2010 @ 12:13 am

6. UK renewable energy sector…

   Renewable sources of energy dont just mean solar and wind, there are bio mass plants now and thermal energy sources that need to be marketed more in the UK….

   Trackback by pligg.com — May 27, 2010 @ 2:28 pm

7. The green energy show in Aberdeen…

   We need to start looking fast at alternative energy sources, as there will be an energy gap in the short term future of the uk energy market….

   Trackback by pligg.com — May 27, 2010 @ 4:24 pm

8. Every time I come to http://www.catalyst-commercial.co.uk there is another exciting post up. One of my friends was telling me about this topic a few weeks ago. I think I’ll send my friend the url here and see what they say.

   Comment by FREIDA SMALL — June 1, 2010 @ 7:40 am

9. UK renewable energy sector…

   We need to start looking fast at alternative energy sources, as there will be an energy gap in the short term future of the uk energy market….

   Trackback by pligg.com — June 4, 2010 @ 11:15 am

10. The green energy show in Aberdeen…

    Unless we consider nuclear as a viable source of energy in the UK, we are going to run out at some point. Renewable energy sources are great, but you have to rely on the wind and solar to top what we already have up….

    Trackback by pligg.com — June 6, 2010 @ 10:32 pm

11. The green energy show in Aberdeen…

    Unless we consider nuclear as a viable source of energy in the UK, we are going to run out at some point. Renewable energy sources are great, but you have to rely on the wind and solar to top what we already have up….

    Trackback by smash-up.com — June 11, 2010 @ 8:08 pm

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