Scotland has opened its seabed for the first time in over a decade. The launch of Scotland’s first offshore leasing round has created a huge multi-billion-pound investment opportunity within the renewable energy sector. Crown Estate Scotland have named it the ‘ScotWind Leasing’ project and total investment could exceed £8 billion. This announcement is of huge benefit to helping accelerate a transition to a net-zero future.
Crown Estate Scotland said ScotWind projects could deliver more than enough green electricity to power every Scottish household and that more than six million tonnes of CO2 could be saved each year. John Robertson, Crown Estate Scotland’s head of energy and infrastructure, went on to say that “Today is a huge step forward in kick-starting Scotland’s green recovery, meeting net zero targets and bringing multi-billion pound investments to benefit communities across the nation.”
“Offshore wind is currently one of the cheapest forms of new electricity generation and Scotland is perfectly poised to host major new projects, with a well-established energy skills sector as well as some of the best natural marine resources in Europe.”
With the crisis of COVID-19 showing some signs of subsiding, the chance to rebuild and create a greener world seems more possible and likely than ever. The launch of ScotWind is the start of a great future for the Scottish seas and the many wind projects set to take place when investment begins.
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by Harry Topham