As living costs rise and concern for sustainable energy solutions become more important, renewable energy is becoming one of the fastest-growing manufacturing sectors.
Greater Lincolnshire has a heritage in manufacturing and engineering and retains core skills in power engineering. These traditional strengths, along with exciting upcoming developments in our region will lead to unprecedented growth in the energy sector.
There are already exciting things happening in our area; the Government has given the go-ahead for the £450 million Able Marine Energy Park to serve the offshore wind industry, which is to be created on the south bank of the Humber. It is expected to create between 4,000 and 10,000 jobs.
The development will unlock the economic potential of the Humber estuary, and in turn help to stimulate growth in North Lincolnshire, North East Lincolnshire and Lincolnshire. It will be the biggest Enterprise Zone in the UK and will position the area as one of the major hubs for the renewables sector in the UK – indeed, it is expected to be the largest Enterprise Zone in the country.
And while there is a direct benefit to the Humber region, we believe the associated benefits will be felt further down in Lincolnshire, whether it comes through businesses accessing the students pool from the University of Lincoln, or becoming part of the supply chain.
To the north, the Ports of Immingham and Grimsby are fast becoming the centre of excellence for offshore wind farms in the North Sea with the potential to serve others across the UK, while Lincolnshire has the highest potential for low carbon electricity production, based mainly on the potential of onshore wind energy. Furthermore, and particularly in the more rural agricultural areas, there is significant potential for the creation of energy from waste wood, energy crops, straw, poultry waste, and Anaerobic Digestion.
Other renewable initiatives include the multi-million-pound Energy from Waste plant at North Hykeham, which is in the early stages of construction. The idea is to convert general household refuse in the purpose-built facility into energy that can be pumped into the National Grid, freeing up landfill space and powering homes and businesses.