Cheap energy wind market to get cash injection in Fife - 20/08/2009
Homeowners looking to switch gas and electricity suppliers for cleaner sources could be encouraged by the new investment bound for Fife.
Nearly £15 million will be channelled into Fife Energy Park at Methil's former oil fabrication yard to help develop the offshore wind market and stimulate the regional green economy by generating nearly £200 million and creating over 800 jobs, reports the Courier.
Jim Mather, the Scottish enterprise minister, said Methil is situated close to offshore leasing sites in the North Sea and could play an important role in the expanding offshore wind market.
Mr Mather told the paper: "With its proximity to the offshore wind farm leasing sites in the North Sea, the park is ideally placed to serve the European offshore wind market and attract innovative cutting edge firms looking to expand in Europe."
The development could encourage more local residents to compare energy prices and get better deals if increased wind farm construction begins.
More offshore wind farms are to be built around the UK in a bid to satisfy legally-binding 2020 renewable energy targets.
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