A new multi-billion pound hydropower revolution is taking place in Scotland that could unleash record-breaking energy reserve capacity.
In a three-part series, we tell how the new era is being built, and the story of a Lanarkshire-based businessman who has banked a considerable fortune at the age of 50 with the sale of a power plant proposal to Europe's largest generator of renewable energy.
The business team also reveal plans for a UK Government support mechanism to help pave the way for new energy projects such as pumped hydropower storage.
From Hollow Mountain to Red John, their names sound like Netflix spectaculars and they are blockbusters in their own right.
The giant pumped hydro sites that will put Scotland at the forefront of the key future element of energy storage are truly large in scale.
In our series we tell how Scotland is on the cusp of a new era of hydropower energy usage.
Catch up with the entire series here:
- Part One: 'Vast potential unlocked' as Scotland powers towards new hydro energy revolution
- All you need to know about the new hydro energy revolution
- Part Two: Entrepreneur is ‘overnight millionaire’ as he sells power plant plan to energy giant
- European energy giant hails Scottish hydro 'renaissance'
- Part Three: Hidden cost of creating Scotland’s new energy powerhouses
- Questions raised over Scotland's new energy storage farms
Accountancy firm prepares to move hundreds of staff in Scottish city
A big four accountancy firm is preparing to relocate hundreds of its staff in a Scottish city.
PricewaterhouseCoopers said its 488 people based in Glasgow will move from the current office at 141 Bothwell Street to the Aurora building - on the same street – next year.
It declared that the Aurora building, which has undergone refurbishment, is “one of Glasgow’s most sustainable offices, thanks to the retention of the facade and structure as part of the refurbishment process”. PwC said the office move “signals continued investment in Scotland”- following the 2023 refurbishment of its Edinburgh office - and “underscores the UK firm’s regional presence”.
Read Ian McConnell's story here
Summerhall hit with winding up order
A troubled arts venue at the heart of the Edinburgh Fringe is facing a new crisis after being hit with a winding up order from the government.
HMRC has begun proceedings against the management company of Summerhall, the home to an "arts village" of more than 120 businesses and freelancers which has been running since 2011. While the venue has said it will continue to trade, the winding up petition will impact its ability to stage and host certain events.
The venue - which is comprised of the old Dick Veterinary School and two adjacent Brutalist buildings - is owned by Oesselmann Estates Limited, the family trust of Robert McDowell. Mr McDowell is also the director of Summerhall Management, which acts as the commercial liaison between the building's owner and its tenants.
Read Kristy Dorsey's story here
Relentless focus lifts tourism to new heights, says new VisitScotland chief
Scottish tourism is reaping the benefits of relentless marketing undertaken in international markets throughout the pandemic, as overseas visitors spend billions of pounds, the new boss of VisitScotland has said.
Read Scott Wright's story here
international tourists to Scotland had exceeded the worth of the domestic market for the first time.
Vicki Miller was unveiled as chief executive of the publicly funded agency in July, shortly after it emerged that the value ofMs Miller, who has worked for VisitScotland since 2005 and officially succeeded Malcolm Roughead in the top job on October 1, said Scotland’s recovery from the pandemic has been “strong” and had outpaced the tourism sectors in other UK nations.
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