Marine Energy Wales has released a new report at its annual conference, highlighting that £96.2 million has been invested into the Welsh economy. The ‘State of the Sector’ report is based on the findings of a survey and provides an update on a 2017 report, outlining developments that took place in Welsh waters.
Growth in renewable energy generation around the world and a construction increase in South East Asia that is expected to run for the next 10 years is a good sign for the once problematic multipurpose shipping fleet. Multipurpose vessels benefit from the growth in demand for both breakbulk and project cargo.
Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply, said BNEF in its New Energy Outlook 2018.
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