Scottish leader boasts of green energy potential

Feb 15, 2012
An independent Scotland would be able to get rich on renewable energy sector revenues, First Minister Alex Salmond, pictured in January 2012, insisted Wednesday.

An independent Scotland would be able to get rich on renewable energy sector revenues, First Minister Alex Salmond insisted Wednesday.

Scotland could harness the power of wind, waves and the tides, bank the profits from exports and make money on the interest, Salmond said in a speech at the London School of Economics university.

British Prime Minister David Cameron is heading to Edinburgh on Thursday for his first talks with Salmond about an independence referendum, which the first minister wants to hold in late 2014.

"Under independence we would make the best use of our unparalleled ," Salmond said.

"We have 25 percent of Europe's potential, 25 percent of its offshore wind potential and 10 percent of its potential -- not bad for a nation with less than one percent of Europe's population.

"Scotland has a huge competitive advantage. We will be able to produce energy better and cheaper than anywhere else -- and in ."

Salmond said developing the renewable energy sector could reindustrialise the country, while there was still another 40 years' worth of oil and under the .

He cited research by thinktank Reform Scotland that suggested an independent Scotland could export half the electricity generated by 2020 if it met the Scottish government's renewable energy targets, increasing the country's exports by £2 billion (2.4 billion euros, $3.14 billion) per year.

Salmond said he wanted to create a sovereign wealth fund from the profits.

"The rest of the UK has much to gain from the emergence of a secure, prosperous ally to its north," he said.

Salmond has pushed for a referendum since his Scottish National Party last year won the first majority in the Edinburgh parliament since the Scottish assembly was formed in 1999.

Explore further: Congress: Safety agency mishandled GM recall

add to favorites email to friend print save as pdf

Related Stories

Sub-sea electricity cable from Scotland to Norway planned

Feb 04, 2011

(PhysOrg.com) -- A study into a proposed North Sea interconnector will examine the possibility of a sub-sea electricity cable linking Scotland and Norway, according to an announcement earlier this week in Aberdeen by Scotland's ...

Scotland surges ahead with new 10MW tidal farm

Mar 18, 2011

(PhysOrg.com) -- Taking advantage of the steady sea currents that flow through the underwater canyon walls in the sound of Islay, off the southwest coast of Scotland, between the islands of Islay and Jura, ...

Recommended for you

Congress: Safety agency mishandled GM recall

Sep 17, 2014

Both houses of Congress scolded the U.S. highway safety agency Tuesday over its tardy handling of a deadly problem with General Motors cars, questioning whether it is competent to guarantee the safety of ...

Jindal: Obama hasn't done enough to harness energy

Sep 16, 2014

The governor of the state of Louisiana, a possible Republican presidential candidate, said Tuesday that President Barack Obama's administration has become "science deniers," failing to do enough to harness the nation's energy ...

User comments : 0