Subsea UK Highlights Renewables Sector as O&G Alternative

Subsea UK is encouraging companies to expand into the renewables sector to sustain long-term growth.

The industry body, in partnership with Scottish Enterprise, will be running an event on August 2, 2016 to examine why harnessing a range of renewable resources is essential if the industry is to ensure security and longevity of the UK’s energy supply.

The event will explore the opportunities in offshore wind, as well as provide practical help and advice on market entry in a bid to reduce dependency on the cyclical oil and gas industry.

Neil Gordon, chief executive of Subsea UK, said: “While oil and gas remains the dominant energy industry in the UK, companies are quickly beginning to realise the vital role that offshore renewables will play in the future energy mix.

“Offshore wind is a growing market which presents exciting new business opportunities for the UK supply chain. This event, along with a number of ongoing initiatives are intended to help companies realise these opportunities and help them mitigate some of the challenges they are currently facing as a result of the lower for longer oil price.”

Scottish Enterprise recently launched a ‘Seize the Opportunity’ report to help guide companies though the steps required to break into the offshore wind industry, highlighting the entry routes, most promising regions and the opportunities most accessible to the UK supply chain.

Seonaid Vass, director of renewable energy and low carbon technologies at Scottish Enterprise said: “Subsea companies can support the development of the offshore renewables sector in a number of ways, from project management and installation support to maintenance and inspection services.”

The event will take place at Village Hotel, Prime Four, Kingswells, Aberdeen.

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