AREG NEWS: AREG response to UK Government Spring Budget’s CCS investment

March 22, 2023
AREG NEWS: AREG response to UK Government Spring Budget’s CCS investment

Jean Morrison, chair of Aberdeen Renewable Energy Group (AREG), has welcomed the government’s plan for scaling up the UK’s carbon capture and storage sector with £20 billion of investment, following Chancellor Jeremy Hunt’s Spring Statement.

She said: “This is positive for the energy sector and will help bring in vital private investment and build a pipeline of CCS projects that will play a crucial role in decarbonising the economy.

Although we are disappointed the Acorn project at St Fergus was not mentioned during the Chancellor’s speech, we remain optimistic that with government investment the North-east can be front and centre of CCS expansion. The Buchan project has the potential to accelerate the roll out of technology across the UK and we hope to see it on the shortlist of eligible projects later this month.

In this region we have access to specialist skills, stemming from 50 years’ expertise in the oil and gas sector, not to mention two leading academic institutions to help facilitate collaboration across industry, government, and research as well as proximity to the infrastructure and facilities to allow industry to capture, transport and store CO2 emissions.”

“AREG will continue to support its members and associates, who can play a vital role in developing the foundations and networks necessary for CCS and hydrogen technologies to underpin the emerging markets.”

Get in touch

AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise