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This item was published during the term of a previous administration that ended in April 2007

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Biggest opportunity since North Sea Oil

29/05/2002

Minister for Enterprise, Transport and Lifelong Learning Iain Gray today told the Scottish Parliament that renewable energy provides Scotland with an economic opportunity not seen since the arrival of North Sea Oil 30 years ago.

The Minister for Enterprise, Transport and Lifelong Learning was speaking at a debate on the benefits to the Scottish Economy of the offshore oil and gas industry - his first parliamentary speech in his new portfolio.

The debate, being held while the Scottish Parliament sits in Aberdeen, highlighted the need for diversification into renewable energy and welcomed the proposals for the development of a Scottish Energy Institute.

Speaking at the debate, The Minister said:

"It is significant that this debate takes place in Aberdeen, a city that has long since earned its title as the 'energy capital of Europe.' The past 30 years has seen significant growth and development in the city as a result of the oil and gas industry and I believe that we now stand on the brink of a new boom, one that will benefit the whole of Scotland - in the shape of renewable energy.

"In driving forward the renewables agenda we have a real chance to seek out innovation through science and skills, commercialise our first class research and build new industries based on ideas and entrepreneurism. In doing this, Aberdeen and the energy industry have the opportunity to prove themselves as exemplars for ways in which Scotland can make itself both smart and successful.

"Scotland has the potential to lead the world in renewables and I am determined not to let this economic opportunity - perhaps the biggest since the arrival of North Sea Oil 30 years ago - pass us by."

The Minister also welcomed the proposals being drawn up by Scottish Enterprise for the development of a Scottish Energy Institute. The full plans for the institute have not been announced, but the emphasis is on creating a link between research and industry:

"A vital part of Smart, Successful, Scotland is capitalising on our strengths in Scotland and maximise the impact of science and technology on the Scottish Economy.

"The outline proposals for the new Energy Institute embody the ethos of Smart Successful Scotland. They have the potential to be a powerful link between research and commercialisation. Able to identify the market opportunities - well placed to plug the gap between pure and applied research - well versed in the most effective exploitation of intellectual property and able to operate in the worlds of academics and venture capitalists.

"Most importantly this new institute will enable high growth technology companies to work together to channel ideas into a defined company building programme. They will be a shop front for all that a Smart, Successful Scotland can be."

Page updated: Thursday, July 22, 2004