Prepared to spend more than £40bn by 2030 to increase its capacity four-fold, the offshore wind power sector offers a growing market for both contractors and professionals, reports Jim Simpson.

Scotland’s offshore wind sector is to take action to ensure that more local companies benefit from the award of contracts.

Floating offshore wind farms could generate up to 17,000 jobs and £33.6bn of value to the UK economy by 2050, says a new report commissioned by Crown Estate Scotland.

Dutch contractor Van Oord has bought a specialist offshore wind installation company based in Stokesley in the UK.

Acciona Energía has secured deals to start work on further photovoltaic and wind schemes in Chile, bringing the total value of current projects to approximately €500m (£437m).

The new leader for Black & Veatch’s international renewable energy operations is predicting significant growth in solar and wind energy projects in Asia.