Renewable energy: Scottish industry could triple in size by 2030, report reveals

The renewable energy industry in SCOTLAND is worth nearly £1billion a year and could triple by 2030, according to a new report.

Scottish Renewables’ supply chain impact statement revealed that wind power could see a 231% increase in capacity over the next eight years. He revealed that the sector contributes £889 million to the economy as the third most valuable source of renewable energy. The longer-established onshore wind and hydro industries were found to be worth £2.4bn and £915m respectively in 2019.

The research looked at 32 companies working in the renewable energy sector in Scotland, which employs 22,660 people.

The organizations named in the report have worked on and delivered many projects over the past year, including: Scotland’s first fifth generation heating network; a pioneering zero-emission hydrogen fuel cell train project; several low-carbon transport hubs, the largest community-owned hydropower scheme in the UK; the most powerful tidal turbine in the world; floating offshore wind farms; specialized remote monitoring solutions powered by renewable energies and innovative artificial intelligence control systems.

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Claire Mack, Chief Executive of Scottish Renewables, said: “Renewable energy projects across Scotland deliver many benefits to our urban, rural and island communities, providing heat, transport and power. low-carbon, as well as creating employment opportunities for the people who live there. .

“Scottish Renewables’ Supply Chain Impact Report highlights the positive impact that renewable energy projects can have and these case studies show that the strength of Scottish suppliers is recognized not only on the Scottish market, but globally.

“The onshore and offshore wind sectors, which provide much of the economic benefits highlighted in this report, are pushing hard for huge growth, including from the 17 new offshore projects from the recent round of ScotWind Leasing.

“This means that the potential future pipeline of renewable energy projects in Scotland has never been stronger, and now is the time for both governments to work with industry to build on the successes highlighted in this statement by investing in innovation, infrastructure and technology to support supply chain development to make the most of these opportunities.

“Our native supply chain already has innovative start-ups and evolving established organizations working to create unique value for green energy projects while driving economic activity here in Scotland. The companies celebrated in the document represent only a small part of the complex network of suppliers required to deploy net zero technologies and there are growing opportunities on the horizon for further supply chain growth.