Investment in Scottish renewable energy sector reaches nearly £3bn
Published on : 15/08/2012
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Newly released figures have shown that the Scottish renewable energy sector has secured in excess of £2.8 billion of capital investment in the past three years.
The figures were released by industry group Scottish Renewables last Friday (August 10); they displayed that since 2009 investments have been made in many areas - including solar panels, on and off-short wind farms and hyrdro-electric systems.
On-shore wind farms received the most investment - £1.6 billion - which has been responsible for providing the country with the capacity to generate 1.1GW of green energy.
Commented on the figures, chief executive of Scottish Renewables, Niall Stuart, stated: "These figures show Scotland's renewables industry is very much bucking the economic trend.
"During the downturn our industry has delivered some £2.8 billion 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 concluded.
Coming at a time when many people are looking to make the change to green energy suppliers, the figures released by Scottish Renewables provide an incredibly positive outlook for the green energy sector.
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