ABB_id2059
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.


IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015