Thursday, 11 October 2012

Alex Salmond launches £103m renewable energy fund


First Minister Alex Salmond has launched a £103m fund for Scottish renewable energy projects.

The Renewable Energy Investment Fund (REIF) aims to attract more private investment to the sector.

Its priorities include wave and tidal energy, and renewable district heating.

Mr Salmond also announced plans to set up an advisory group to support those seeking finance from the new UK Green Investment Bank and £4.3m funding for SSE's offshore turbine test facility.

He said the Scottish government would invest the cash in the firm's Hunterston offshore wind turbine test facility.

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