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October 19, 2016

Scotland approves construction of Creag Riabhach windfarm in North Highlands

Scotland has approved construction of the Creag Riabhach windfarm on the Altnaharra Estate, near Lairg in the North Highlands.

Scotland has approved construction of the Creag Riabhach windfarm on the Altnaharra Estate, near Lairg in the North Highlands.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Creag Riabhach will feature 22 wind turbines, with estimated savings of 66,000t of CO² annually.

"This proposal for Creag Riabhach received popular support from the local community council and public alike."

Scottish Energy Minister Paul Wheelhouse said: “Renewable energy sources accounted for over 56.7% of gross electricity consumption in Scotland in 2015 and onshore wind is a key driver for the growth in both our renewable electricity supply and wider renewable energy sector and in the delivery of our vision for a greener Scotland and statutory climate change targets by enabling decarbonisation of electricity production.”

The proposal for constructing new windfarms received support from both public and local community councils.

Wheelhouse added: “This proposal for Creag Riabhach received popular support from the local community council and public alike and once operational the windfarm will generate enough electricity to power 36,000 homes and generate over £9m in benefits for the local community.”

The Highland Council was consulted on the application and raised no objection. The proposed development is expected to provide in excess of £9m in community benefit.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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