The Scottish renewable market is set to benefit from a bumper investment.
Energy Minister Fergus Ewing confirmed at today’s All-Energy conference that Scottish Enterprise would funnel £3.5million into the sector.
The funding will support projects which stretch the breadth of the country.
Islay Energy Benefit Society will receive £735,000 to install a community owned 330Kw turbine on the island. It’s hoped the turbine will power up to 300 homes.
The Fintry Development Trust will receive £615,000. The cash fund will help the trust, which is dedicated to transforming Stirlingshire into a zero-carbon, zero-waste community, refinance a commercial agreement with the Earlsburn Wind Farm. The move will provide income to support renewable projects in the area.
AWS Ocean Energy, based in Inverness, has received a loan of £250,000 to support further development and testing of its AWS-III, a wave energy device which offers the prospect of wave energy on a farm scale.
Nova Innovation has secured a £700,000 loan to support the first phase of the 0.5MW Shetland Tidal Array. The project is believed to be a world first.
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.”
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