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Investment from wind power

Investment from wind power
Scottish Renewables, the voice of the renewables industry in Scotland, has revealed that more than £30bn of investment is set to flow from offshore wind power development in Scottish waters.

Scottish Renewables, the voice of the renewables industry in Scotland, has revealed that more than £30bn of investment is set to flow from offshore wind power development in Scottish waters.

Scottish Renewables, the voice of the renewables industry in Scotland, has revealed that more than £30bn of investment is set to flow from offshore wind power development in Scottish waters.

New offshore wind farms are expected in seven locations off the East Coast of Scotland, including the Firth of Forth. The announcement was made as the first ever Scottish Renewables Offshore Wind Conference in Aberdeen gathered to hear about the massive investment opportunity.

Scottish Renewables estimates that some £30bn of investment will be needed to construct offshore wind development, with some 12GW of capacity likely to be consented in Scottish seas in coming months. The existing oil and gas sector in the North East is set to benefit strongly from the new Scottish projects which will produce enough green energy to cut the equivalent of a third of Scotland"s total carbon emissions.

Sponsored by Mainstream Renewable Power, the conference addressed the practical challenges of delivering offshore wind, while building up a supply chain that can provide the right skills, manufacturing capacity and equipment to deliver jobs to the North East. Scotland currently has just two offshore wind farms, but new rounds of development will see at least another 13 projects built in Scottish waters.

New offshore wind farms are expected in seven locations off the East Coast of Scotland, with projects proposed in the seas beyond the Moray Firth and the Firth of Forth as well as in Aberdeen Bay.

Niall Stuart, chief executive of Scottish Renewables said, 'The economic opportunities from offshore wind are huge. Over the next few years, the sector will see massive investment and we need to do everything we can to make sure that the north east and the rest of Scotland captures as much of that opportunity as possible.

'Just as Aberdeen and the north east has become a worldwide centre of expertise for oil and gas, Scotland can be a hub for offshore wind, particularly given our expertise in operating in deep water in a harsh climate. But to build this new industry, we need targeted investment in supporting infrastructure, facilities and grid, and a clear, timely and proportionate licensing framework.'

www.TurkishMaritime.com.tr

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