Energetica faces a challenge to attract new overseas investment into north east Scotland whilst avoiding robbing 'Peter to pay Paul'.
The £2billion NorthConnect project to connect Aberdeenshire to the Scandinavian electricity network has been approved by Aberdeenshire Council.
Plans to expand one of Aberdeenshire’s biggest windfarms have been lodged. The owners of Glens of Foudland, near Huntly, first unveiled plans to add another nine turbines to their existing 20-mast development last year. After a public consultation revised plans for seven 328ft turbines have now been submitted to Aberdeenshire Council.
Once the details of the summit are announced, Aberdeenshire Council will make sure it is fully involved. The oil and gas industry is incredibly important, not only to the North East economy, but to the economy of Scotland and the rest of the UK. We have established good working relationships with the private sector over many years and understand the challenges facing the energy industry today. The area benefits when oil prices are high, but this also brings challenges impacting on house prices and affecting the local recruitment market. It’s important that we consider the impact of falling oil prices, the likely effect on the economy and steps we can collectively take to support the industry.