Scotland earning a few bob from their on-shore wind, and the EU planning to increase off-shore wind tenfold.Onshore wind delivers £106m a year to Scots economyOnshore wind contributes more than £106m (€124m) a year to the Scottish economy through business rates payments, according to research from Scottish Renewables.EU to supercharge offshore wind with 150GW targetThe EU, Germany, Belgium, the Netherlands and Denmark are to launch an initiative to increase offshore wind capacity tenfold to 150GW by 2050.European Commission President Ursula von der Leyen (pictured) will make the announcement today at the North Sea Summit with German Chancellor Olaf Scholz and the Belgian Prime Ministers Alexander De Croo, Danish Prime Minister Mette Frederiksen and Dutch Prime Minister Mark Rutte.From a 15GW capacity today to 150GW in 28 years — it will provide 150 million European households with their annual electricity demand.The move is also expected to connect all the participating countries through interconnections and green hydrogen pipelines to ensure greater security of supply.
Drax has applied to expand its Cruachan pumped hydro storage plant
under Section 36, creating long-duration storage that could boost the
rollout of renewables.
The energy firm announced its intent to create a new cavern, increasing the capacity of the site that sites in the Ben Cruachan mountain in Argyll, in June 2021.
If approved, Drax could increase the site's capacity from 600MW to
1.04GW by hollowing out a second cavern and tunnels. Construction is
expected to take six years and create around 900 jobs across the supply
HSBC has reportedly suspended a senior executive who accused central bankers and other officials of exaggerating the financial risks of climate change.
Last week, Stuart Kirk, a leader in the bank's responsible investing team, said: "There's always some nut job telling me about the end of the world."
At the weekend, HSBC's boss Noel Quinn posted on social media that he did not agree "at all" with the comments.
The firm declined to comment on reports that Mr Kirk has been suspended.
Mr Kirk, who is global head of responsible investing at the bank's asset management division, was suspended pending an investigation into a speech he made at an event last week, according to the Financial Times, which first reported the story.
Hi .... just thinking of all the things that could go wrong over time with such a project & where I'd prefer to better (as in risk mitigation!) spend public funding other than to float a fleet of 'unstable & fragile' unmanned boats to deliver decentralised energy to consumers ..... HTH-Z
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