Looking at the economic impact, the study – which covered the EU27, UK, and Norway – found that the offshore energy construction industry is expected to generate more than EUR 45 billion in direct gross value added (GVA) in 2025 and support over 220,000 direct jobs.
Including indirect and induced impacts, the study found that the marine contracting sector will contribute more than 490,000 jobs and EUR 80 billion in GVA in 2025.
IMCA said that despite being central to Europe’s clean energy infrastructure, the marine contracting sector remained under-recognised, and that the Association will use the Economic Impact Report to inform policymakers at the drafting and roll-out of several EU initiatives, including the Action Plan for Affordable Energy, the Action Plan on Cable Security, the EU Ocean Pact, the EU Ports Strategy, the EU Industrial Maritime Strategy, the Energy Grids Package or the review of the EU ETS.
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