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Home›Authorities & Government›Scotland’s Renewables Sector Receives GBP 3.5 Million Fund
Authorities & Government

May 22, 2014 · about 12 years ago

Scotland’s Renewables Sector Receives GBP 3.5 Million Fund

Scottish Enterprise announced £3.5 million of new investment in Scotland’s growing renewable energy sector, Energy Minister Fergus Ewing said. Four projects are being supported through the enterprise agency’s Renewable Energy Investment Fund (REIF). Islay Energy Community Benefit Society will receiv

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Scottish Enterprise announced £3.5 million of new investment in Scotland’s growing renewable energy sector, Energy Minister Fergus Ewing said.

Four projects are being supported through the enterprise agency’s Renewable Energy Investment Fund (REIF).

In Aberdeen, attending the All-Energy Conference, Mr Ewing said:

“This latest round of Scottish Enterprise funding underlines the Scottish Government’s commitment to Scotland’s growing renewables sector.

“Scotland is a world leader in deploying renewables technology. We have tremendous green energy potential and vast natural resources, about a quarter of Europe’s wind and tidal energy and 10% of its wave power.

“Clean, green energy is creating opportunities for communities across Scotland and delivering jobs and investment.”

Head of REIF Andrew Smith said:

“These are really ambitious and exciting projects, which clearly demonstrate the wide range of initiatives that REIF was set up to support. They also show how by working with other funders we can leverage significant investment from the private sector.

“Scotland is fast gaining a global reputation for being at the forefront of developing and testing new technologies in the development of wind, wave and tidal energy, and all of these projects will make a real contribution to the ongoing development of the sector.”

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