“Scotland, you are in a position to help the rest of Europe”

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 Says man charged with delivering a North Sea renewable grid

The man charged with delivering a North Sea Grid has claimed that Scotland is ideally placed to help the rest of Europe achieve lower carbon emission goals.

The man charged with delivering a North Sea Grid has claimed that Scotland is ideally placed to help the rest of Europe achieve lower carbon emission goals.

Speaking ahead of a Low Carbon Conference to be held in Edinburgh on September 28th  Georg Adamowitsch, the European co-coordinator for the connection of offshore wind power in Northern Europe said:

“The liberalisation of the European energy market, the development of renewable energies, and the guarantee of security of supply, all require new approaches for the financing of infrastructures within the European Union.
 
“The challenges facing infrastructure development in the next two decades call for urgent action. Modernising and expanding energy infrastructure is a necessity if we want to go towards a low carbon energy system.
 
“Not all of the investments will be taken up by the market and gaps will remain because of lengthy permitting procedures and difficulties of allocating costs of projects.
 
“Therefore coordinated action at European and National level is required to reduce costs and boost the economy.
 
“Making the necessary investments in energy infrastructure must begin now. Taking into account the wind, wave and tidal resources of Scotland, you are in a position to help the rest of Europe to achieve its climate goals.”

The conference aims to help bring expertise from the public and private sectors together in an attempt at finding funding solutions that will help with the huge infrastructure required.

The Scottish Low Carbon Investment Project is a unique forum for Government, international finance, utilities and developers of low carbon projects to engage directly on investment opportunities.

The conference is part of the SLCI project, a Government-backed initiative identifying and debating the opportunities and challenges around major offshore developments and infrastructure projects, as well as showcasing innovative technological solutions to attract investment. It supports Scotland’s aspiration to harness its natural resources, create wealth, skills and security of energy and ultimately to play its part in delivering climate change targets.

It has been estimated that just a third of Scotland’s offshore wind, wave and tidal resource by 2050 would create net value electricity sales of around £14 billion.