Boom Set for North Sea Investment

If the current, relatively low, price in oil continues, this should allow for an upturn in potential investors into the UK's untapped renewable energy sources all around its coastline.

This has been fomented by the British Government, opening up nine 'zones' for exploitation.

This is great news for those in the green lobby as it means a move away from tearing up vast chunks of countryside, to place power stations and gas pipelines. But at the same time it means companies with a track record in the industry such as Scottish & Southern Energy will be able to put more research & development into streamlining the industry.

All this potential investment means that there is a possible growth in jobs in the major British coastal towns.

The public tenders for the next phase in the development of the North Sea renewable energy are scheduled to be announced in the near future.