European Supergrid could create 'thousands of jobs'

Tim Yeo MP, chair of the Energy and Climate Change Committee, made this assessment as the Commons Energy and Climate Change Select Committee delivered its report on the European Supergrid.

The new grid would also allow the National Grid to balance supply and demand more effectively as intermittent sources of electricity become more prevalent in the energy mix.

The cost of developing such a supergrid could be very high, the report warns, but it may lead to the creation of thousands of new jobs in the offshore renewable industry.

Between 80 and 280 wind farms are likely to be constructed in the North Sea in the next 20 years. The cost and size of these new assets would be prohibitive if single connections to the shore were made, according to the report.

A supergrid would reportedly deliver a 25 per cent capital cost saving on connecting each new offshore wind or marine energy farm compared to connecting each site individually.