26 Sep '14, 4am

Scotland Rejects Independence, But Concerns Linger for a Renewables Future

Scotland Rejects Independence, But Concerns Linger for a Renewables Future

Indeed, it is uncertainty that inevitably depresses business sentiment, and it was therefore no surprise to see the value of Sterling — the currency much argued over during the independence campaign — soar to a two-year high against the Euro in the immediate aftermath of the count. Furthermore, Scotland’s vote to save its 300-year old union with the U.K. means that, initially at least, all the existing conditions that have driven the massive investments in exploiting the substantial wind and wave resources in the northern parts of the U.K. will continue as before. Commenting on the decision, Tony Ward, head of power and utilities at consultancy firm EY, said: “A ‘No’ vote is important for the whole of the U.K. in that it allows the established dynamic in the energy markets to continue its current course. “The U.K. markets have developed ever-closer and more integrated syst...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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