The Scottish Renewables’ Supply Chain Impact Statement 2021 (published 9 February 2022) (the “SCIS”) provides a useful snapshot of the renewable energy industry in Scotland, and highlights the potential for substantial growth in the near future.  The SCIS highlights 32 firms working across the renewable industry in Scotland, responsible for the employment of around 22,600 people.   

Whilst recognising that there is more progress to make, the SCIS highlights that renewables provided the equivalent of 97.4% of Scotland’s electricity consumption in 2020.  This is a somewhat remarkable figure, and with the energy transition continuing to pick up pace, we can only anticipate more of the same impressive results from renewables in the coming years.    

Given the abundance of natural capital at Scotland’s disposal, there is an understandable feeling that Scotland is well placed strategically to harness the energy transition and the huge growth potential presented.  However, there is also a clear underlying message that this potential must be managed appropriately, so as to ensure prolonged economic prosperity for Scotland.  This means a conscious effort not only to realise the immediate growth potential presented, but also to ensure that the infrastructure and foundations are put in place to nurture long term sustained growth that is continuously realised by the Scottish economy.     

The SCIS publication follows on from the Crown Estate Scotland (CES) ScotWind leasing round announcement made in January, which saw 17 projects awarded to applicants for the development of areas of Scottish seabed.  Alongside the announcement, CES noted that there were early indications that the leasing round results would lead to a multi-billion pound supply chain investment in Scotland.