Milestone as projects worth around £500m move closer to
completion.
Strategic investment to help unlock Scotland’s green energy
revolution has moved a step closer, First Minister announced today.
In a significant milestone for Scotland’s offshore wind sector,
three projects have been invited to move to Stage 2 of the
Strategic Investment Model (SIM) process.
Collectively the projects – which represent a mix of local and
inward investment into ports, port infrastructure and
manufacturing – have a capital expenditure of around £500
million.
The SIM will help to deliver transformational offshore wind
supply chain growth in Scotland through innovative collaboration
between offshore wind developers, the Scottish Government,
enterprise agencies and Crown Estate Scotland.
Making the announcement at the Scottish Renewables and Offshore
Wind Conference in Glasgow, First Minister said:
“There are moments when certain industries can stand confident
that when they look ahead, they will see a future in which they
play a pivotal role in securing the wealth and wellbeing of a
nation - Scotland’s offshore industry is at that moment.
“Together, we can create the right conditions to attract
investment, build the supply chain, recruit and deliver the
infrastructure needed to ensure that these projects will thrive.
“A select group of three initial projects have been invited to
move to Stage 2 of the SIM process, in a significant milestone in
our offshore programme. They represent a mix of local and inward
investment opportunities into ports, port infrastructure, and
manufacturing – collectively, they have a capital expenditure of
just under £500 million.”
Background
Due to commercial sensitivity specific projects cannot be named
while undertaking the SIM process but details will be made
available in due course.
An economy of opportunity
– gov.scot (www.gov.scot)
Delivering net zero energy
opportunities – gov.scot (www.gov.scot)
