27 Jan '14, 1pm

Growing uncertainty in Scotland’s offshore wind sector as investment dips

Growing uncertainty in Scotland’s offshore wind sector as investment dips 27 January 2014 The Scottish offshore wind industry could be threatened by an investment hiatus after figures showed major developers had more than halved their spending in Scotland. Scottish Renewables, which represents more than 330 companies working in the renewable energy sector, obtained figures from offshore wind developers with projects in Scottish waters about their investments in Scotland during 2013. The findings suggest £28.9m was spent in 2013 compared to £63.6m in 2012. Total investment to date now stands at £193.4m. Lindsay Leask, Senior Policy Manager for Scottish Renewables, said: “Uncertainty throughout the industry is growing as none of the major projects planned for Scottish waters have had their planning applications determined yet, and the details around accessing market incentiv...

Full article: http://www.scottishrenewables.com/news/growing-uncertaint...

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