Monday, 24 December 2012

Alternative Energy Investments

Alternative Energy Investments Biography
Investing in renewable energy

A multi-million pound renewable energy investment fund (REIF), geared to stimulating greater levels of private finance into innovative green power and renewable district heating projects in Scotland, was opened for business by First Minister Alex Salmond today.
As senior figures from green energy, finance and government gathered in Edinburgh for the Scottish Low Carbon Investment conference, Mr Salmond also announced to delegates:

Plans for an advisory group to support those seeking finance from the new UK Green Investment Bank
A £4.3 million Scottish Enterprise investment in SSE Renewables' Hunterston offshore wind turbine test facility
Listen to the First Minister's conference address

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

The Fund is designed to complement existing public and private sector finance schemes available in Scotland, providing bespoke 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.
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