SCOTTISH RENEWABLES OFFSHORE WIND INVESTING IN SCOTLAND
OFFSHORE POLICY
OFFSHORE WIND INVESTING IN SCOTLAND2012 represented a hugely significant year for Scotland’s offshore wind industry. Projects with the potential to generate over 4GW of electricity entered the planning system, marking a significant milestone and putting the industry on track to make a vital contribution to Scotland’s 2020 renewable energy and climate change targets.
Scotland’s offshore wind resource is huge - 25%
of the entire European resource. The energy
represented by these initial applications alone
could be enough to power over three million homes.
Harnessing this potential will not only generate
a secure source of clean, green electricity, but it
also represents a massive economic opportunity
for Scotland not seen since the oil and gas boom of
the 1970s.
The commitment to the success of this industry in
Scotland is clear when looking at the significant
investment made by offshore wind developers in the
Scottish economy today. In January 2013 Scottish
Renewables surveyed members involved in the
development of offshore wind farms in Scottish
waters, to establish how much they have invested
in Scotland to date. The research shows that £164.5
million has been invested in the Scottish economy
by the six companies currently developing offshore
wind projects in the Scottish Renewable Energy
Zone with more than one third of this investment
(£63.66 million) delivered in 2012.
This investment figure represents the growing
level of confidence and commitment global
energy companies have in the opportunity
presented by the Scottish offshore wind sector. It
can be attributed across a wide range of project
development activities, from the value of contracts
awarded in the preparation of Environmental
Impact Assessments to establishing new project
development teams across Scotland. Made in
advance of consents being awarded, this investment
is also just a fraction of the full economic
opportunity that can be captured once these project
applications have been determined and we move
forward to begin construction and operation.
THE RESEARCH SHOWS THAT £164.5 MILLION HAS BEEN INVESTED IN THE SCOTTISH ECONOMY
SCOTTISH RENEWABLES OFFSHORE WIND INVESTING IN SCOTLAND
OFFSHORE POLICY
The continued growth of investment will be aided
by the recent launch of the Green Investment Bank
in Edinburgh. Capitalised with £3 billion (although
not specific to offshore wind) the bank will work to
stimulate the deployment of private sector capital
and debt into the industry, largely to accelerate
investment during the deployment and construction
phases of projects. However, continuing growth will
not be without its challenges – Electricity Market
Reform, access to the grid, and the predictability
of the planning system are just a few of the issues
that can heighten the profile of risk for potential
investors and jeopardise the future development of
the industry.
Despite this, the level of investment committed by
developers in Scotland to date is already helping
to generate huge interest in companies involved
in the offshore wind supply chain. Decades of
offshore engineering experience and a highly
skilled workforce combine to make Scotland one
of the most attractive countries for renewables
investment and supply chain development in the
world. The recently published intended investment
map from Scottish Enterprise and Highlands and
Islands Enterprise shows a clear appetite for
investment from major international companies
such as Mitsubishi, Technip and Samsung, to
home-grown businesses including NGenTec,
Wind Towers and BiFab. These companies are
all readying themselves for this next chapter of
renewable energy development, which has the
potential to deliver economic benefit in every corner
of the country.
Looking forward to 2013, we will continue to work
with Government and stakeholders to ensure
that we develop Scotland’s supportive business
environment, encouraging sustainable investment
while addressing any barriers to supply chain
development. With the significant investment
from developers of £165 million to date, and the
huge interest in supply chain development, which
this investment has helped generate, Scotland’s
offshore wind sector starts 2013 from a very strong
and incredibly exciting position.
SCOTLAND’S OFFSHORE WIND SECTOR STARTS 2013 FROM A VERY STRONG AND INCREDIBLY EXCITING POSITION
SCOTTISH RENEWABLES OFFSHORE WIND INVESTING IN SCOTLAND
OFFSHORE POLICY
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© Crown Copyright and database right 2013. All rights reserved. Ordnance Survey Licence number 100018398. ±
EDPRJobs: 10 (Mar 2010)
NGenTecJobs: 20Investment £2 millionDecember 2010
RePowerJobs: 26 December 2010
VattenfallJobs :122009
Source: Scottish Enterprise GIS TeamContact: [email protected]: 18/01/2013
Subsea 7Establishment renewable energy divisionJobs: 10 + January 2011
TechnipEstablishment European HQ in Aberdeen£10 million investment for SubOceanJobs: 300 January 2011
Repsol/SeaEnergy Renewables Ltd£40M acquisition of SERLJune 2011
BiFab£11 million investment SSEJobs: 155April 2010
A9
Machrihanish
Methil
Edinburgh
Dundee
Fort William
Aberdeen
ArnishInvestment: £3mFabrication facilities upgrade for BiFabNovember 2011
Scrabster HarbourInvestment: £20mMultipurpose pier for renewablesApril 2011
GamesaJobs: 180 R & DJuly 2011
Scottish and Southern EnergyMoray Firth NodeInvestment: € 73m - EU Grant
Repsol Nuevas EnergiasJobs: 20 January 2012
Examples of Recent Announcements of Intended Investments in Offshore Wind
Scottish Enterprise, HIE & SDIJanuary 2013
Mitsubishi Heavy IndustriesInvestment: Up to £100 millionCentre for Advanced TechnologyJobs: 30 EngineeringDecember 2010
MoU SE and 2B re offshore T and D facilitiesApril 2012
IberdrolaJobs: 200 March 2010
Nigg Skills Academy290 Modern Apprenticeships 20123000 training places by 2015March 2012
Global Energy Nigg (GEN) Global Energy Group buys Nigg Yard to develop service hub for energy industry.800 renewables jobs forecast by 2015.October 2011Mitsui purchase 25% stake in Global Energy GroupApril 2012
Oceaneering£15.2m investment June 2012
European Offshore Wind Deployment Centre40 million euros EU fundingDecember 2010
EnerconJobs: 13June 2012
Wind Towers LtdJobs: 80Investment: £9.3 millionMay 2011
Strathclyde University TICITREZInvestment: £89M700 new jobs and £100m of GVA September 2011
Scottish Power and SSEJobs: 3,000 jobs across Scotland over 10 yearsSP creating 300 jobs in 2012February 2012Investment: £7 billionUpgrade of Grid for Renewables
Offshore Renewable Energy CatapultITREZInvestment: £50MFebruary 2012
SSE (CEERE)Jobs: 250October 2009
Steel EngineeringInvestment £2.6 millionJobs: 120 March 2011
The Renewable Energy Steel Trades Academy (TRESTA)60 Apprentices per annumAugust 2012
Hunterston Offshore Wind Turbine Testing FacilitySSE and SEInvestment: £20M October 2012
MoU between Forth Ports, SSE, SE, Dundee City CouncilJobs 700 December 2011
David Brown Gearbox SystemsFife Energy ParkGearbox plant; Jobs/ Investment tbc January 2012
Samsung Heavy IndustriesFife Energy ParkUp to £100M investment500 jobs January 2012
Gamesa (Leith)Wind turbine manufacturing facilityInvestment: 150M eurosJobs: 800 March 2012
Areva [Location to be specified]750 jobs in Scotland from manufacturing and the supporting supply chain. November 2012
Crown Estate - Scottish Territorial Waters & Round 3 Zones© Crown Copyright 25/01/2010. Reproduction in whole or part is not permitted without prior consent of The Crown Estate.
Where available, entries include the estimated investment value and/or potential job numbers
Legend
!( Renewable Investment Announcements
#* NRIP Sites
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