Scottish renewable energy investments set to breach £1bn for 2012
Investments in the Scottish renewable sector totaled an impressive £900m for the first half of 2012 with figures for the entire year set to breach the £1bn mark for the first time.
According to figures compiled by the UK Department of Energy and Climate Change, the onshore wind generation sector was the chief beneficiary of the above-mentioned investments, with £800m ploughed-in, to develop 3,409MW wind energy.
The Hydro power sector saw an investment of just £9.2m but new projects will deliver 1,493MW energy when completed.
Solar photovoltaic sector also secured considerable investments of £59.8 for the period ended 30 June 2012.
Commenting on the investments Scottish Renewables CEO Niall Stuart remarked that the increased investment figures could double renewable energy generation in the region when compared to the previous year.
"We attracted around £750m of investment in the entire year of 2011 and more than £900m in just six months of 2012.
"If we continue at this rate there's a good chance we could see in excess of £1.5bn of capital projects," said Stuart.