Scotland is positioning itself to become one of Europe's leading
locations for green investment, Deputy First Minister will tell senior industry
figures in London.
The Deputy First Minister is meeting a range of international
investors across offshore wind and hydrogen sectors as the
Scottish Government ramps up delivery of actions to capitalise on
the global energy transition.
The first of a tranche of new investments the Scottish Government
is making in the Offshore Wind supply chain will be announced
soon. Up to £500 million will be delivered through the Scottish
National Investment Bank and economic agencies over the next five
years to leverage up to £1.5 billion of additional private
investment..
Addressing key industry figures ahead of the Hydrogen For Life
conference, the Deputy First Minister will highlight the
country's enormous potential for hydrogen production and export.
More than 100 green hydrogen projects are currently in
development.
The Deputy First Minister said:
“Scotland's potential to become a global powerhouse of clean and
renewable energy is without question. To fulfil that potential,
we must make it as easy possible for people to invest here.
“My message to new and potential investors is clear:
Scotland is open for business. We have the talent, the skills and
the natural resources to be a leading player in the energy
transition.
“The Scottish Government is determined to create an
investor-friendly environment to capitalise on the opportunities
created by the global transition to net zero.”
Background
The Deputy First Minister will undertake engagements in London on
Monday 18th and Tuesday
19th November. She will address key industry
figures ahead of the Hydrogen For Life
conference, highlighting the country's enormous potential for
hydrogen production and export.
She will undertake an In Conversation event at the The
Institute for Government and host a breakfast
meeting to explore the existing and potential connections between
Gaelic communities and London business networks.
Maximising Scotland's wind economy and growing the hydrogen
sector are two priority areas identified by the Green Industrial Strategy.
The Hydrogen Action Plan sets out steps to help the emerging
hydrogen sector in Scotland achieve an ambition of 5 Gigawatts
(GW) of renewable and low-carbon hydrogen - equivalent to a sixth
of Scotland's energy needs - by 2030. It also reaffirms an
ambition to produce 25 GW by 2045.
