in News Departments > Policy Watch
print the content item

The Scottish government has launched a multimillion-pound renewable energy investment fund (REIF) that aims to stimulate greater levels of private finance in clean energy projects in Scotland.

Initial priorities for the REIF are wave and tidal energy, community-owned renewables and renewable district heating, as well as other projects that focus on innovative renewable energy technologies.

One of the projects announced under the program is a new facility that will test offshore wind turbine prototypes.

The fund is designed to complement existing public- and private-sector finance schemes available in Scotland, providing investment deals typically involving loans, loan guarantees and equity finance alongside co-investment partners.

The fund will be delivered by the Scottish Investment Bank on behalf of the Scottish government and its enterprise agencies, with the first deals expected to be completed by the end of the financial year.



Hse SandyHook
Latest Top Stories

Post-FIT Decision, Turbine OEMs Mull Over Options For Ontario Wind Energy Market

Under political pressure, the Ontario government recently pulled the plug on its landmark feed-in tariff (FIT) program for large-scale renewable energy projects, leaving provincial suppliers and manufacturers with an uncertain future.


Continent's First Grid-Connected Offshore Wind Turbine Floats In Maine Waters

Billed as a historic day for offshore wind in North America, researchers flipped the switch on a floating prototype. This marks the first electrons from an offshore wind turbine to flow into the region's grid.


Raising The Discourse: How Wind Industry Can Help Avoid 'Climate Emergency'

Larry Schweiger, the president/CEO at the National Wildlife Federation, says the wind industry is an important ally to combat global warming, which is triggering dangerous and unprecedented weather events around the world.


The Numbers Don't Lie: U.S. Utilities Continue To Embrace Wind Energy

Last year, more than 40% of U.S. utilities reported having wind energy on their systems, proving the fact that utilities continue to integrate wind in growing numbers – and, in some cases, at unprecedented levels.


BOEM To Award Mass., R.I. Offshore Wind Leases; Pre-Qualifies Nine Developers

In July, the Bureau of Ocean Energy Management will auction nearly 165,000 acres off the coasts of Rhode Island and Massachusetts to facilitate offshore wind development.

Renewable Energy Systems_id1171
NRG Systems JWT_id1677
Upwind Solutions_id1629
SandC Electric_id1674
Trachte Inc._id484
AWEA_id
JEC Americas_id1707