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    Scotsman: Shale and renewables can form ‘symbiotic’ links

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Summary

Jason Channell, director of alternative energy at Citi Research, said that gas and renewables could in fact be the making of each other in the short term, and that renewables will reach cost parity with conventional fuels, including gas, in many parts of the world in the very near term.”

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Press Notes

Scotsman: Shale and renewables can form ‘symbiotic’ links

Developing shale gas will not kill off Scotland’s burgeoning renewable energy industry, a Citigroup analyst will tell a major conference in Edinburgh this week.

Recent research has suggested that the country may be sitting on up to £5 billion of gas reserves, which could be extracted using the controversial technique known as “fracking”.

While the shale gas boom in the United States has unlocked huge deposits of cheap hydrocarbons and led to the creation of tens of thousands of jobs, Scotland has chosen the renewables path.

But in key research to be presented at Scottish Renewables’ annual conference, Jason Channell, director of alternative energy at Citi Research, will argue that shale gas and renewables can form a “symbiotic relationship”.   MORE