Jersey Government analysis suggests that the construction of offshore wind turbines could provide the island’s economy with an annual boost of around £250 million when operational. But the report stressed the need to conduct “more in-depth studies and evaluation as part of building a complete business case.”
The government has put forward proposals to establish 1,000MW offshore wind turbines off the coast of Jersey to meet the island’s energy needs and produce electricity for export. They emphasized that it must be privately financed and designed, And it could be ready for use in the early 2030s.
Economic analysis of the wind turbine project:
The analysis was issued by employees at the Ministry of Economy in June 2023, He noted that a wind farm of the proposed size could occupy about 9% of the island’s offshore area and produce about 3,796 gigawatts per year – equivalent to six times Jersey’s electricity consumption in 2021.
The figures are based on a ‘conservative’ unit price of 6p per kilowatt hour, Assuming that 125 wind mills will be built, Each one has a maximum capacity of 8 megawatts.
The report said: “This is a preliminary model estimate and should be developed further as part of any further development of the business case.”
The construction phase of the wind turbine project:
During the construction phase, If it does not exceed 10% of the costs in Jersey, 913 jobs in Jersey and 12,510 jobs could be created off-island “through supply chain spending”. The project could boost Jersey’s economy by £60 million per year – total value added.
Once the wind farm is up and running, If 100% of costs are spent in Jersey, Up to 113 direct jobs and 56 “indirect or induced” jobs could be created in Jersey. The payout to the economy is expected to be around £250 million per year (gross value added), Which is estimated at annual operating and maintenance costs, and staff training, Land and sea logistics, Mill spare parts.
The report noted: “Instead, There can be significant spending outside the island, “Like if maintenance jobs were located in a French port instead of Jersey.”
MP Jonathan Renouf said the offshore wind farm would provide “multiple benefits to Jersey”.
General opinions:
The economic analysis has been published while island residents are asked to share their views on the proposals by 16 February 2024. A series of public meetings and question and answer sessions are also scheduled to take place before Christmas.
Members of Parliament are scheduled to discuss the ministers’ plans in March.
Frequently Asked Questions:
1. Could a wind farm bring economic benefit to Jersey?
Yes, Analysis suggests it could provide an economic boost of up to £250 million per year.
2. What is the expected size of the wind farm and its impact on the island?
It is estimated to occupy about 9% of the island’s sea area and produce 3,796 GW per year.
3. Will the wind farm only serve Jersey or will it also export electricity?
The goal is to meet domestic energy needs and produce electricity for export as well.
