Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

11 Aug 2008 05:08:18

Middle East could fund offshore grid

Middle East could fund offshore grid
An offshore energy grid capable of carrying 60GW of renewable energy could receive funding from two sovereign funds from the Middle East, according to the Independent.

Scottish Development International (SDI), an inward investment agency, has reportedly been courting the funds, one of which is from the United Arab Emirates, for two months.

EU rules require 20 percent of all energy to be generated via renewables by 2020. Paul O'Brien, SDI senior executive for renewable energy said the proposed grid would "accelerate the offshore wind, wave and tidal energy projects in Scotland".

The grid, which would stretch from the Orkneys to Norfolk would make it possible to exploit 60GW of "untapped potential" from offshore energy, added Mr O'Brien.

The 60GW figure represents almost double the current domestic energy consumption (33GW), and a significant portion of the total energy generated at the moment (75GW).

A licence for the grid would have to be issued by the Crown Estate, which owns the seabed, but it is thought that it will likely agree to the idea.

It has already awarded contracts for various offshore wind farms and carried out a feasibility study for an east coast grid, which revealed an estimated cost of £4.8 billion

Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community

Related Items From Everyone

  1. Gen's report, 'Global Wind Power Gear Box Filter Market Outlook 2016-2021' provides detailed...

    17 Mar 2016
  2. This research study analyzes the small hydropower market in terms of installed capacity (GW). The...

    09 Dec 2015
  3. measure hydrocarbons in real time real time voc monitoring

  4. Non-domestic buildings will be provided with a timetable for implementing carbon reduction plans,...

    24 Dec 2007
  5. Green MotorSport is located in Southern England in Woking, Surrey, United...

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.