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RenewableUK 2010: Oil and gas industry to collaborate on renewables

Senior oil and gas executives and leading figures from the renewable energy industry will gather in Aberdeen next month for a summit to drive forward collaboration between the two sectors.

First Minister of Scotland Alex Salmond announced that Sir Ian Wood, founder and chair of the Wood Group and Ian Marchant, chief executive of Scottish and Southern Energy, the UK's largest renewables generator, will co-chair the summit on Friday 17 December - to be attended by representatives of leading companies from both sectors.

The First Minister is also expected to reiterate his call for the UK Government to remove the restrictions on the Scottish Government gaining immediate access to the £191m of Scotland's Fossil Fuel Levy funds generated north of the border to invest in renewables.

Mr Salmond said:

"With an estimated quarter of Europe's potential wind and tidal energy capacity and a tenth of its wave resource, Scotland is well-placed to become a net exporter of clean, green power. However, decades of expertise in offshore energy engineering in oil and gas has given us further competitive advantages in terms of human resources for renewables.

"There are clear opportunities for joint-working and learning between the oil and gas and renewables sectors. That is why we will be holding a Ministerial Summit in Aberdeen - a city which is testament to the transformational impact of building an exciting new energy industry. Leading figures from the oil and gas sector will join their counterparts from the emerging renewable energy industry, in a summit co-chaired by Sir Ian Wood and Ian Marchant, to drive forward this vital collaboration between the two sectors."

An estimated 38% of the cost of an offshore wind project is spent on marine installation and associated sub-structure activity - where considerable strengths lie in the oil and gas supply chain. The oil and gas industry currently employs around 120,000 people in Scotland and a considerable number of firms already operate in both this and the renewables sector, including the Wood Group, BiFab, Technip and Bibby Offshore.

Commenting on the planned summit, Sir Ian Wood said: There will be great value in getting together the key Offshore Wind operators and the most relevant Oil and Gas Service Companies to clearly identify the opportunities and the areas where Oil and Gas technology and service capability can make a significant contribution to the Offshore Wind developments. That is the objective of this Summit which will focus on five or six of the key challenges facing Offshore Wind development and discuss in some detail how Oil and Gas technology, expertise and know-how can help contribute to the solutions. I look forward very much to contributing to the debate."

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Energy infrastructure  •  Other marine energy and hydropower  •  Policy, investment and markets  •  Wave and tidal energy  •  Wind power

 

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