• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 2 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 21 hours Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 4 days What China is Learning from Russia's War in Ukraine and its Consequences
  • 2 hours The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
Gasoline Prices Are Set To Spike This Week

Gasoline Prices Are Set To Spike This Week

Gasoline prices are set to…

Scotland Doubles Down On Renewable Ambitions With £700 Million Wind Auction

ScotWind has raised £700m from an auction of seabed plots for a series of offshore wind projects, boosting the country’s net-zero ambitions.

Seventeen projects have been selected from 74 applications, with options fees being passed to Holyrood for public spending.

The area of seabed covers 7,000km squared and was made available through the Scottish Government’s Sectoral Marine Plan.

The auction was the first Scottish offshore wind leasing round in over a decade and first since the management of offshore wind rights was devolved to Scotland.

Scottish Power Renewables led the investment process, spending a combined £143.8m on multiple sites. Shell Energy spent the most on any individual site, putting up £86m for a 2,000 MW floating asset.

Other big investors include BP Alternative Energy Investments and SSE Energy led the investment process, both coughing up £85.9m in option fees to build 2,907 and 2,610 MW of energy respectively.

The results follow Glasgow hosting the COP26 climate conference, with the UK pledging to phase down coal usage by the end of the decade and reach net zero emissions by 2050. 

Scotland is pushing to reach net-zero as a devolved nation by 2045, aiming to reduce emissions of all major greenhouse gases by 75 percent by 2030.

By CityAM

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Lee James on January 17 2022 said:
    Scotland has the clean energy resource. I wish them well in developing off-shore opportunities. Each country needs to do what it can. Hopefully some countries will have the ability to export clean energy as well.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News