in News Departments > FYI
print the content item

Offshore wind energy developers have invested nearly 165 million pounds in the Scottish economy, with 65 million pounds invested in 2012 alone, according to data released by industry trade group Scottish Renewables.

The investment figure represents all contracts awarded by developers with Scottish companies in advance of any consents being awarded to their projects. In 2012, Scotland had more than 4 GW of potential offshore wind capacity under development.

"Most of this current investment has been made in research, such as environmental surveys, technical engineering surveys and project demonstration," explains Lindsay Leask, senior policy manager for offshore renewables at Scottish Renewables. “However, this flow of private finance is also generating huge opportunities for the supply chain, and once consents for projects are granted, this will both motivate new entrants and strengthen those existing companies who are already reaping the benefit of diversifying into this emerging sector.”

“These latest figures underline the progress made to date in getting initial projects off the ground and creating opportunities for Scottish businesses entering the offshore wind supply chain,” adds Andy McDonald, renewables director at Scottish Enterprise. “We and our partners have been working hard to create the optimum conditions for investors and Scottish business alike by developing the business environment and supporting the development of a strong supply chain.”

Scotland currently has 5.4 GW of installed renewable energy capacity.



Helukabel_id1908
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

JLG_id1900
UEA_id1896
WomenofWind_id
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886