Scotland's £70 million investment in wind power

According to the British "Guardian" reported on November 2nd, Scottish Chief Minister Alex Salmond announced that he will provide 70 million pounds of funds to stimulate the development of offshore wind power industry and create jobs. Salmond said that he will provide about 70 million pounds of financial support for Scotland’s ports and docks to help solve the billions of funding gaps facing the “green economy” at sea, while creating about 28,000 jobs.

It is reported that this fund will be mainly used to help upgrade the relevant equipment of Scottish ports and offshore wind farms in order to cope with the enormous challenges in the construction and installation of large-scale offshore wind farms. “We have abundant natural and human resources and need strong political will to carry out a green energy revolution to build a sustainable economy and reduce carbon dioxide emissions in Europe.” Salmond was held in Glasgow on November 2nd. The UK Renewable Energy Annual Conference stated.

Salmond pointed out that the 70 million pounds of investment will help "attract" more private funds into port construction. Among them, Edinburgh's Liss Harbour and Dundee Port are most likely to receive financial support. It is reported that this will create approximately 7 billion pounds worth of production value and nearly 28,000 jobs for Scotland in the next 10 years. In the next 10 years, approximately 7,000 wind turbines are expected to be put into use throughout the UK. The funds invested in Scottish wind projects are expected to account for 40% of all investment in the UK. According to estimates by the investment company, the Scottish company, there are currently 11 green energy projects in Scotland that are in urgent need of upgrading and require approximately £222 million in funding.

In October this year, the British Department of Energy and Climate Change announced that it has invested approximately 60 million pounds in port and construction of wind farms. Salmond said that most of the funds invested by Scotland will be “immediately disclosed to companies”, and the funding of the Department of Energy and Climate Change of the UK will be put in place in April next year.

However, some industry insiders pointed out that Salmond has recently published a series of speeches on green energy, which are his promotional efforts to build Scotland into a carrier for renewable energy industry, while making the Scottish government a global renewable energy source. One of the leaders, how practical action remains to be tested.

In September of this year, Salmond also proposed a very stringent green power target. By 2020, green power will account for 80% of all electricity use. It is announced that by 2025, Scotland can achieve 100% of its electricity from renewable sources. energy.

Some analysts believe that this time Salmond is just "retreat second." He had proposed the establishment of a large Scottish “green investment bank” with the help of the European Investment Bank and other financial institutions, with a total investment of at least £360 million. Salmond thought that he could get the support of Scottish Minister George Osborne and asked the Ministry of Finance to refund £ 190 million from Scotland’s fossil fuel energy taxes. This money was used to start the Green Investment Bank to help Scotland. Recycling port and infrastructure construction projects. However, the Ministry of Finance did not eventually adopt Salmond's opinion, but decided to maintain its original plan as part of the overall Scottish government’s grant from the British government.