Fraser of Allander Institute report on the economic impact of proposed windfarm
The Fraser of Allander Institute (FAI) at Strathclyde Business School has been asked by Mainstream Renewable Power Limited (MRP Ltd) to evaluate the economic impact on the Scottish economy of the proposed Neart Na Gaoithe offshore windfarm project. Specifically, the FAI focused on the GDP and employment effects of the anticipated size and profile of expenditure for this project.
There are different methodologies that can be employed to arrive at such estimates, and the Fraser's report sets out one such approach and the key results that follow. This analysis is based on detailed information on the anticipated supply chain for this project provided to us by MRP Ltd. These data identify anticipated spend in Scotland and in the rest of the UK, and were compiled for the Neart Na Gaoithe supply chain plan which was submitted to the UK Government.
The report should be read with the proviso that, as with all such analysis, the figures are estimates and should be viewed as such. In particular, the development is not currently in place and tendering for the different components has not yet been completed.
To read the full analysis by the Fraser of Allander Institute please click here
Published: 30 August 2017