Covering Norfolk and Suffolk, it has a supply chain with more than 50 years’ experience and expertise in the offshore energy and marine sectors, recognised by Government with Enterprise Zone status. The area is leading the way in delivering sustainable and low carbon energy solutions to underpin economic growth across the UK.
The coast around Great Yarmouth and Lowestoft is at the centre of the world’s largest market for offshore wind. Capital investment in energy worth £50bn is planned for the region by 2020, with the world’s largest wind farm in development off the coast and the proposed development of Sizewell C nuclear power station creating 25,000 jobs.
The Southern North Sea (SNS) gas industry is at a pivotal stage, with decades of investment and opportunity stretching ahead to recover the estimated 8.8tcf of reserves. The area is also central to a multi-billion decommissioning industry to remove thousands of tonnes of ageing infrastructure.
The SNS currently plays host to more than 150 offshore gas assets, together with 986 offshore wind turbines generating 3.75GW of renewable power directly off the region’s coast, with an additional 1,000+ turbines generating some 14GW of offshore wind power to be installed over the next decade. The sector is driving down costs through innovation and collaboration, developing new technologies across our energy system, maximising offshore production and generation. The sector employs more some 8,469 skilled people in more than 834 companies.
Incentives such as Enterprise Zones and grants supporting investment and growth, extensive business support and the EEEZ’s unique ‘one voice’ partnership work to make the East of England the hotbed of leadership, opportunity and business growth for the next chapter of the SNS.