Bloomberg News

Arise Plans Scottish Wind Farm as Carbon Target Lures Investors

January 31, 2013

Arise Windpower AB (AWP), a Scandinavian renewable-energy developer, plans to build a wind farm in western Scotland as the country targets an 80 percent cut in power-industry emissions by 2030.

Arise will install as many as 35 turbines at the project, its first in Scotland, the Halmstad, Sweden-based company said today in a statement. It will build the wind farm from 2016 on the Argyll Estates, comprising more than 30,000 hectares (115 square miles) of land owned by the Duke of Argyll.

Scandinavian developers are expanding abroad as governments promote wind energy to curb emissions. Scotland, which offers subsidies for wind turbines, set a goal on Jan. 29 to reduce carbon-dioxide output from electricity generation to 50 grams of CO2 a kilowatt-hour, from about 347 grams a kilowatt-hour in 2010.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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