Neart 'worth £827m' to Scots GDP
Strathclyde University study examines economic impact of 450MW project
Mainstream Renewable Power’s 450MW Neart na Gaoithe offshore wind farm could boost Scotland’s gross domestic product 0.6% over its lifetime or by £827.4m, according to a new study.
The study was carried out by the Fraser of Allander Institute at the University of Strathclyde and examined the economic effects of the £2bn project.
It found that Neart na Gaoithe could create 13,900 person years of employment across its construction and operational phases. Some 8000 person years would be created during construction and 5900 once operational.
Mainstream Renewable Power chief operating officer Andy Kinsella said: “The results of the Fraser of Allander Institute’s study show the full extent of Neart na Gaoithe’s impact on the Scottish economy for the first time.
“The study confirms that NnG will support the creation or retention of large numbers of high skilled, high quality jobs in Scotland during construction and its 25 year operational lifetime.”