Currently, Scotland is home to 25 per cent of Europe’s offshore wind and tidal resources and more than 60 per cent of the UK’s onshore wind capacity. Scotland is fortunate to have abundant natural resources, including thousands of miles of coast, hundreds of islands and plentiful wind, for the development of clean energy. The establishment of world-class research and development facilities has enabled the country to become a global leader in renewables. Indeed, Scotland is driving innovation in the clean energy sector, including the planet’s largest tidal array power project, the world’s first floating offshore wind farm and Europe’s largest hydrogen bus fleet. At the same time, confidence is growing in the development of battery storage technology, which for years has limited the proportion of electricity demand renewables could realistically fulfil. In addition, it has been reported that Scotland is the best-placed country in Europe to realise carbon capture utilisation and storage on a commercial scale. It’s no surprise then that Scotland has attracted investors keen to back renewable energy projects and developments. Clean energy assets are attractive because the technology is, in many cases, well proven and the UK generally has been regarded as a stable environment that provides long-term certainty for investors. This has been bolstered by the Scottish and UK governments’ commitments to the low carbon agenda.
Scotsman 11th Dec 2019 read more »