Scotland business

Offshore wind firms in Scotland invest £165m

Wind turbine

Companies developing offshore wind power have invested about £165m so far in the Scottish economy, according to a report.

Figures published by Scottish Renewables, has revealed that £65m of that was invested in 2012 alone.

The organisation said the level of investment showed "the considerable level of confidence developers have in Scotland's offshore wind sector".

The Scottish government said offshore wind power had "great potential".

Energy Minister Fergus Ewing said: "I'm delighted with the early success of the offshore wind sector and determined that we use all the levers available to us to maximise Scotland's role in this global endeavour."

Speaking ahead of a major offshore conference in Aberdeen, Lindsay Leask, of Scottish Renewables, said: "Most of this current investment has been made in research, such as environmental surveys, technical engineering surveys and project demonstration.

"However, this flow of private finance is also generating huge opportunities for the supply chain, and once consents for projects are granted this will both motivate new entrants and strengthen those existing companies who are already reaping the benefit of diversifying into this emerging sector."

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