GACA: Aviation Medicine Contributes to Achieving Highest Levels of Safety during Flight    Palestinian Stock Exchange Ends Higher    UAE, Pakistan Discuss Promoting Bilateral Relations    Palestine Reports 2,025 New COVID-19 Cases    Jordanian King Receives Phone Call From Libyan Presidential Council Chairman    KSrelief Distributes Food Baskets to Syrian and Palestinian Refugees in Lebanon    Custodian of the Two Holy Mosques Condoles Egyptian President on Victims of Qalyubia Train Accident    Saudi Stock Exchange Main Index Ends Trading Higher at 10,116 Points    Quality of Life Program: National Cultural Awards culminates support to Saudi culture, intellectuals    Presidency to increase capacity of Mataf Courtyard, allocating 4 paths for elderly    Russia reports 8,164 new COVID-19 cases, 379 deaths    Custodian of the Two Holy Mosques Directs Disbursement of SR 1.9 Billion of Ramadan Aid for Social Insurance Beneficiaries    Prince Khalid meets with UK PM's envoy to Gulf region    10 million people in UK receive second dose of COVID-19 vaccine    Video clip showing expats being assaulted is old: Riyadh Police    US immigration agencies ordered to end use of terms 'alien' and 'assimilation'    US warns against travel to 80% of all countries due to COVID-19 State Department 'strongly recommends' US citizens reconsider any travel aborad    In Jeel Tamooh's third edition, BCG experts, 100 world-class Saudi students come together    UAE government adopts 'blockchain' technology in authentication services    KSrelief signs two joint agreements to serve needy people in Yemen    Jadwa Investment partners with MHRSD to develop non-profit sector    Oilfields Supply Center's $570m investment in SPARK    SRC Obtains Good Ratings From Moody's, Fitch    Diriyah Gate participates in Kingdom's celebration of the World Heritage Day    Saudi Al-Hilal Defeats UAE Shabab Al-Ahli witn AFC Champions League    Saudi Al-Ahli, Qatari Al-Duhail Drew 1-1    Messi fires Barca to dominant Cup final win    Bayern moves closer to title but Flick says he's leaving    Bayern move closer to title but Flick says he's leaving    The importance of legal specialization    Indian actor and environmentalist Vivek dies at age of 59    Alert over shortage of new drugs for 'world's most dangerous bacteria'    Helen McCrory, 'Harry Potter' and 'Peaky Blinders' star, dead at 52    New global compact aims to drive down diabetes deaths, boost insulin access    Welcome to beautiful Ramadan customs    Foundation stone laid for Jeddah Formula One circuit    Laying the Foundation Stone for Jeddah Formula One Circuit    King Salman Center for Disability Research Launches 2nd Edition of its Story Collection (Awareness)    Riyadh Light Witnesses Conclusion of External Artworks    Riyadh Light Turned the Capital into Lights' Aura    Colored Triangles Decorate Conference Building, at King Abdullah Financial Center    Vaccination does not invalidate fasting, says UAE Fatwa Council    It is high time to correct wrong concepts about women's status    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Court facilitates young woman's marriage after stripping father's guardianship    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Hiring wave coming: Offshore wind staff demand to triple by 2030
Published in The Saudi Gazette on 20 - 02 - 2021

The COVID-19 downturn has once again caused employment rates to plummet in the oil and gas industry. Even though some uptick is expected when the recovery arrives, employment will never return to the glories of just a few years ago.
However, there is an energy segment that will be the new hiring haven for energy jobs, a Rystad Energy analysis shows — offshore wind.
Demand for offshore wind staff will triple by the end of the decade, surging to 868,000 full-time jobs from an estimated 297,000 in 2020.
In fact, the hiring spree will already be visible in the middle of the decade, as jobs demand could reach about 589,000 in 2025.
Rystad Energy estimates offshore wind installed capacity could rise to 110 gigawatts (GW) by 2025 and 250 GW by 2030. This prolific growth will require a lot of skilled employees.
In our analysis we have calculated the staffing needs in the number of full-time equivalent (FTE) workers — one year of full-time employment for one person regardless of actual hours — and included only direct and indirect jobs driven by offshore wind capacity deployment globally.
Direct jobs relate to development manufacturing, construction, installation, and the operation and maintenance of offshore wind farms.
Indirect jobs relate to materials and services consumed, such as workers in steel plants supporting offshore wind turbines, electronics workers at companies supplying nacelle components, and staff of renewable energy regulatory institutions.
The jobs are grouped as construction and development (C&D) — which are typically capital expenditures — and operation and maintenance (O&M) roles, which relate to operational expenditures.
The C&D jobs are expected to account for most of the employment over the next decade, although its share of the total employment decreases as we approach 2030.
O&M jobs, meanwhile, driven by the installed capacity of wind farms, have contributed about 7% of the total job count in 2020 and will make up about 12% in 2025.
With a rapid increase in offshore wind installed capacity, O&M will gain a larger share of the total jobs. C&D roles will still dominate, however, because a typical offshore wind farm spends 60-70% of its capex in the lead-up to its commissioning, which takes between one and three years.
C&D roles related to manufacturing — turbines, cables, substations and foundations — contribute about 66% of the total potential, while installation jobs account for 10% and project development for 4%. O&M adds a 20% share to the total jobs potential.
By 2030, turbine manufacturing will continue to create most of the jobs, accounting for 54% of the total. Therefore, turbine manufacturers such as Siemens Gamesa, Vestas, Goldwind and GE Renewable Energy are expected to employ additional labor and establish more factories for bigger turbines in the coming years.
Meanwhile, foundation manufacturing contributes 8% of the total jobs in 2030, followed by foundation installation with 5%, potentially leading to major employment opportunities.
Rystad Energy estimates that Europe, Asia outside of China, and the Americas will drive the global jobs creation in the offshore wind sector.
Europe, which dominates the offshore wind installed capacity globally, could expect to see demand for jobs more than triple by 2030, from 110,000 jobs in 2020 to around 350,000.
The expected growth will be especially noticeable over the next five years, as annual capacity additions in the region are increasing and the installed base is growing.
Asia, excluding China, will see a major jobs boost, most noticeable in the second half of this decade, as South Korea, Vietnam, Japan and Taiwan are expected to contribute significant offshore wind capacity. China, meanwhile, could see demand for jobs stagnate towards 2030, despite the current activity ramp-up.
In the Americas, the US will be a major driver for offshore wind deployment because of the ambitious plans to decarbonize the power sector by 50% by 2030 put forward by the current Democratic administration.
We estimate that the US will have almost 15 GW of offshore wind installed capacity by 2030, with 30% coming from recent solicitations held by New York State.
As we move towards 2030, demand for jobs is expected to be lifted further by other countries in the region, especially Brazil, which has several large projects expected to be commissioned around the turn of the decade.
It's worth noting that although the above regions will drive the job creation that we have estimated, the actual location of these jobs will not necessarily be in the same region that created them. This particularly applies to manufacturing jobs, as factories will ship equipment to wind projects in all corners of the world.
"Oil and gas workers will also benefit from this expected growth in offshore wind employment globally, as they share some skills sets and essential offshore knowledge.
"Offshore wind areas such as foundation manufacturing, offshore construction, project development, and O&M have been highly relevant to oil and gas operations," said Alexander Fløtre, Rystad Energy's product manager for offshore wind.
Offshore oil and gas and offshore wind operations have similar safety standards, with workers requiring at least basic offshore emergency training and often helicopter underwater escape training before deploying to offshore projects.
This could be a great opportunity to recover some of the talent lost during the oil and gas industry downturn, especially O&M, project development and engineering jobs. — Rystad Energy


Clic here to read the story from its source.