Wind Energy in Scotland Receives ₤70 Million in Funding
With all the new wind energy projects, will Scotland remain in the lead?
With 40% of the UK’s recently announced ₤70 million ($11.4 billion) green initiative going to wind energy funding in Scotland, things may be looking up for wind farm enthusiasts.
Scotland’s First Minister Alex Salmond has raised the government’s target goal of renewable energy production from 50% to 80% by the year 2020 and hinted at a future revision to 100% renewable energy by 2025. Though wind energy funding is a vital piece of Scotland’s goal to lead the world in wind generation, finding the money to make it happen is not always easy.
The ₤70 million funding will help leverage further private funding for wind energy in Scotland and will allow the country to create around ₤7 billion and 28,000 jobs.
Bolstered by the Scottish Low Carbon Investment Conference (SLCIC) held in late September, which has identified first phase locations to service offshore wind industry needs as part of the National Renewables Infrastructure Plan process (N-RIP), wind energy funding received a shot in the arm. Bringing together projects and investors for wind energy funding, the conference has proven to be a brilliant forum for realizing Scotland’s wind power generation.
Recent announcements may have helped Scotland’s wind energy funding as others try to lay claim to “world’s largest wind farm.” Scotland currently holds the title with 300 MW, but the announcement of the Shepherd’s Flat Wind Project in the western U.S. projecting 845 MW, closely followed by China’s announcement of a 1000 MW offshore wind farm near Beijing certainly could change things. For Scotland to remain the world leader, wind energy funding must remain strong and steady as the Scottish winds themselves.