The Dash for Cash
THE windfall in Scotland's grasp from offshore renewable energy has been unveiled for the first time in a major new report that reveals it could power the country seven times over within four decades.
Taking the form of more than 20,000 wind, wave and tidal devices, this would equate to more than 18 times the current amount of installed renewables in Scotland – enough to power the country more than seven times over.
It would generate £14 billion profit from electricity sales by 2050 and provide about 60,000 jobs in Scotland, according to the report by the Offshore Valuation Group, a coalition of government and industry organisations.
However, it would require vast amounts of investment, an estimated £4bn each year in Scotland alone...A spokesman for the Scottish Government acknowledged that investing in offshore renewables was "expensive".
SNP MSP Rob Gibson argued the potential financial rewards added to arguments for independence, so that the £14bn revenue from electricity sales could remain in Scotland.
Let the wind blow high, let the wind blow low,
Through the streets in my kilt I'll go,
And all the lassies shout hello
Donald where'syour troosers?
If you really believe that the investment will really produce a profit go for it, and you are welcome to to it. Why do I have an unworthy suspicion that the "investment" will actually be my mulcted taxes and the "returns" will be all yours?