A £35m fund to support production of new offshore wind technology in Scotland has been announced by First Minister Alex Salmond at the Scottish Low Carbon Investment Conference in Edinburgh.
The £35m Prototype Offshore Wind Energy Renewables Support (POWERS) fund aims to leverage up to a further £80m of private investment to bring the production of full-scale prototypes to Scottish sites.
Salmond said: ‘We [Scotland] are determined to remain among the most attractive locations for manufacturing, including the prototype testing that follows the R&D phase. That is why I am announcing a new £35m fund to support production of full-scale prototypes of the next-generation offshore wind turbines.’
Scottish Enterprise chief executive Lena Wilson added: ‘Offshore wind is a rapidly expanding, long-term, global market, with significant low-carbon economic growth opportunities for Scotland. We have a real opportunity to capture a share of the critical turbine manufacturing market.’
POWERS is a highly targeted inward investment intervention directed specifically at Offshore Wind turbine manufacturers.
Administered by Scottish Enterprise, POWERS is open for applications from across Scotland until March 2013.
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