manchesterwired
Scotland
Scottish Renewables sector 'worth £2.8bn' of investment
Published: 10th Aug 2012 12:02:50
Scotland's renewable energy industry has released figures indicating it has attracted funding worth £2.8bn since 2009.
Trade body Scottish Renewables said 57% of the total was investment in onshore wind power.
A further 21% was for offshore wind developments with solar, biofuel, wave and tidal power making up the rest.
The industry claimed it has been "bucking the economic trend" since the start of the financial crisis.
Niall Stuart, the chief executive of Scottish Renewables, said: "During the downturn our industry has delivered some £2.8bn of much needed capital investment in our economy.
"This has helped to grow the supply chain, secure the future of many companies and support more than 11,000 jobs.
"At a time of sluggish growth, the renewable electricity sector is expanding by more than 10 per cent a year, and now generates the equivalent of 35 per cent of annual demand."
Mr Stuart added: "Onshore wind is the main source of investment, with offshore wind the next biggest driver of spend."
Harvard Citation
BBC News, 2012. Scottish Renewables sector 'worth £2.8bn' of investment. [Online] (Updated 10 Aug 2012)Available at: http://www.manchesterwired.co.uk/news.php/1445584-Scottish-Renewables-sector-worth-2-8bn-of-investment [Accessed 13th May 2013]
Latest News
-
At 11:41:19 in Business
Lloyds chairman Sir Win Bischoff to retire in 2014
Lloyds Banking Group has said its chairman, Sir Win Bischoff, is to retire before May 2014.... -
At 10:47:51 in Other
Pre-exam breakfasts sent to schools to boost results
Extra deliveries of juice and porridge have been sent to primary schools in poor areas of England to help them do better in tests this week.... -
At 07:48:48 in Other
Alfred Wainwright memorial unveiled in Blackburn
A memorial to the famous fell-walker, Alfred Wainwright, will be unveiled on the hills above Blackburn, later.... -
At 07:07:07 in Other
Bafta TV awards: Surprises, snubs and Shakespeare
Olivia Colman's double win was the big story of the Bafta TV Awards, but who else was crying tears of joy and who went home empty-hande... -
At 03:37:59 in Other
Andrew Moran: Fugitive due in court after Spain arrest
One of Britain's most wanted fugitives is due in court in Madrid later after being arrested at a luxury villa on Spain's Costa Bla... -
At 00:10:32 in Business
Secondary ticketing: Inflating sport prices or useful service?
It is an exciting time of year to be a UK sports or music fan, with big cup finals and major name concerts coming thick and fast.... -
At 18:15:23 in Other
New Bangladesh panel to raise garment workers' wages
Bangladesh has set up a panel to raise the minimum wage for more than three million garment workers, the minister for textiles has said.... -
At 11:52:59 in Other
Salford fugitive Andrew Terrence Moran arrested in Spain
One of Britain's most wanted fugitives has been arrested on Spain's Costa Blanca.... -
At 10:50:47 in Other
Boy, 17, critical after attack in Manchester city centre
A 17-year-old boy is fighting for his life after being attacked in Manchester city centre, police have said.... -
At 10:05:34 in Other
Man charged over alleged Salford prison van escape
A man has been charged with escaping lawful custody after two people were allegedly sprung from a prison van....
News In Other Categories
-
Tia Sharp murder trial: Stuart Hazell pleads guilty
Stuart Hazell has pleaded guilty to the murder of schoolgirl Tia Sharp.... -
Derry chip pan fire: two rescued
Two people have been rescued following a fire at a house in Londonderry. ... -
Does Shard point to design's future?
Western Europe's tallest building, the Shard, opened in London with a fanfare earlier this year. But does it represent the latest in bu... -
Pre-exam breakfasts sent to schools to boost results
Extra deliveries of juice and porridge have been sent to primary schools in poor areas of England to help them do better in tests this week.... -
Foster children moved too often, says Fostering Network Wales
Children are being moved too many times between foster homes because of a shortage of carers, according to a survey.... -
Glasgow 2014: Ticket prices to be revealed
The cost of securing seats to watch next year's Commonwealth Games events is set to be revealed as organisers announce their ticketing ...





