Scotland Starts Fund to Increase Private Green Investment

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Wind Turbines via ShutterStock from Lukas Hejtman

Scotland’s government has just announced the start of a new multi-million-pound fund that will target private renewable energy investments.

Alex Salmond, Scotland’s First Minister, speaking at the Scottish Low Carbon Investment conference, said the Renewable Energy Investment Fund (REIF) will be another channel for investors who are looking to use other capital besides the UK Green Investment bank.
 

 
According to the article, the new £103 million fund will specifically target advanced projects that have a gap in funding. These include: renewable heat technologies and marine energy. Salmond had this to say also about the new fund:

“The planned advisory group will provide expert advice for people who have good ideas and projects to put to the Green Investment Bank, but who need a helping hand to make them ready for investment.

“The group will help those people to refine and pitch their proposals – by doing so, it should enable the Green Investment Bank to make decisions quickly, and to start investing in projects which will deliver real benefits.”

Source: Business Green


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Adam Johnston

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business www.salayconsultiing.com.

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