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Economic Development

RWE: '1GW of offshore wind could unlock 3,000 jobs and over £600m in investment'

RWE has set out the opportunities for large-scale, commercial floating offshore wind projects in the Celtic Sea

RWE aims to secure at least 1GW of floating wind in the Crown Estate Celtic Sea leasing round (Image: Getty Images)

1GW of offshore floating wind in the Celtic Sea could unlock thousands of jobs and hundreds of millions of pounds in investment, according to a new document from Wales’ largest renewable energy operator RWE.

The company has said that the first gigawatt of floating wind in the Celtic sea could deliver around 3,000 jobs and £682m through supply chain opportunities for Wales and the south west of England by 2030.

RWE will be bidding for the Crown Estate Celtic Sea seabed leasing round this year where up to 4GW of floating wind will be awarded. The operator said it aims to secure at least 1GW of installed capacity in the region.

Read more: Two freeports in Wales hailed as “double boost” for Welsh economy

Its recently-published document, 'RWE’s Vision for the Celtic Sea', the firm sees floating wind technology as the “next frontier” in the development of the offshore wind sector which could potentially unlock a multi-billion pound opportunity for the broader Celtic Sea region and the º£½ÇÊÓÆµ.

In addition, the technology could unlock a resurgence in Welsh industry and its decarbonisation as well as spur on academic innovation and growth of a new high-skilled workforce.

However, in order to deliver these ambitious plans, RWE says investment and a broad dynamic collaboration between business, industry, academia and governments in Wales and Westminster is needed.

RWE has already entered into a partnership with Tata Steel to explore the production of steel components that could be used in high-tech floating wind foundations and structures for projects in the Celtic Sea.