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Posted on on June 27th, 2010
by Pincas Jawetz (


The Offshore Valuation is the first full economic valuation of Britain’s offshore renewable resource.

The report finds that using just one third of the UK’s wind, wave and tidal resource could:

  • unlock the electricity equivalent of 1 billion barrels of oil a year (matching North Sea oil and gas production).
  • give CO2 reductions of 1.1 billion tonnes by 2050
  • create 145,000 new UK jobs

The Offshore Valuation Group is an informal collaboration of government and industry organisations who have come together to address the question: what is the value of the UK’s offshore renewable energy resource?


The Offshore Valuation has been making waves in the media today:

on the Guardian

and BBC


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