Scottish Government announces £500 million commitment to Scotland's offshore wind supply chain
As part of his closing speech at the SNP Conference today (October 17) in Aberdeen, First Minister Humza Yousaf announced that the Scottish Government will invest up to £500 million in the next five years for Scotland's offshore wind supply chain.
Responding Emma Harrick, Head of Energy Transition and Supply Chain at Scottish Renewables, said:
“Today's announcement from the Scottish Government is welcome news for industry and is something Scottish Renewables has continuously campaigned for.
"The £500 million commitment will stimulate growth for supply chain organisations, foster export opportunities and promote the development of green skills in communities.
"Scottish ports are the lynchpin for our offshore renewable ambitions and investing in this critical infrastructure will ensure the nation benefits from the fresh economic investment and regeneration opportunities a home-grown clean energy supply chain brings.
"A recent report from the Offshore Wind Industry Council highlighted that the UK offshore wind supply chain has the potential to deliver more than £90 billion of value to the UK economy by 2040. Targeted interventions, like today's announcement, will ensure Scotland maximises the economic benefits of our renewable energy projects, grow the renewable energy supply chain and ensure a just transition for suppliers across all green energy technologies.