Competition
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The Project
Community Benefits
As a result of the unique partnership between the Shetland community and SSE, it's expected that around an estimated £37 million each year will be generated in the local economy over the project's lifetime. This sum includes returns to Shetland Charitable Trust, which are projected to be an estimated £23 million each year, as well as wages and rents to local landlords and crofters. Viking Energy will invest over £1 million per year in wider, direct, community benefit payments. Community engagement on the nature of those payments will begin shortly.
These various revenues, if realised, would replenish and enhance the funding agreements Shetland Islands Council negotiated in return for the development of the oil industry in Shetland, key elements of which came to an end in 2000.
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