England, Scotland Compete for Wind Energy Center
The east coast of Scotland and the northeast coast of England are among the windiest places in the world, and the two areas are about to add some hot air to the mix. Spanish energy company Gamesa is deciding on…
The east coast of Scotland and the northeast coast of England are among the windiest places in the world, and the two areas are about to add some hot air to the mix. Spanish energy company Gamesa is deciding on a location for $257 million investment in a wind energy center to service the wind farms sprouting off the nearby coasts.
The initial investment could lead to the creation of 1,200 new jobs in the Scottish port of Leith or the English city of Hartlepool. The UK expects to see a total investment of some $52 billion over the next eight years in the wind energy industry. Whether many of the benefits of that investment go to Scotland or England is no small matter.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
