€9 billion competition in Scotland will redefine wind power
Scotland is encouraging applications from companies to build the country's new generation of offshore wind farms. There's potentially over €9bn up for grabs, as organisations compete to play a major role in Scotland's transition to entirely green energy.
The investment opportunity, called ScotWind, is part of the country's plans for a green recovery in the wake of the coronavirus pandemic, which has seen a 33 per cent drop in Scottish GDP. Other countries in Europe are placing green initiatives at the heart of their economic recovery plans too, and the European Commission launched its own European Green Deal last month.
The Scottish government aims to be net zero by 2045, meaning the anticipated ScotWind project will be instrumental in reaching this goal.
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