SSE Renewables together with Japanese conglomerate Marubeni Corporation and Danish fund management company Copenhagen Infrastructure Partners have announced that up to £15bn would be added to the Scottish economy by their proposed offshore wind projects in Scotland via the Crown Estate Scotland’s seabed leasing process.
The partnership has also announced that their combined ScotWind projects would enable a £100m fund to directly invest into Scottish supply chain companies to support the development of their projects should the partnership’s ScotWind bids be successful. This funding will support the overall ambition of the partnership to achieve spending of circa 50% with Scottish suppliers in the projects over their lifetime.
The SSE Renewables-Marubeni-CIP supply chain fund will support Scottish businesses, including those from the oil and gas sector, to enter the offshore wind sector; will encourage the existing supply chain to establish new facilities in Scotland; will upgrade Scottish port facilities to accommodate future offshore wind deployment; and will support contractual security requirements.
The detailed mechanics regarding deployment and management of the £100m supply chain fund will be set out by the SSE Renewables-Marubeni-CIP consortium following the conclusion of the Crown Estate Scotland leasing process.
For more information visit SSE Renewables’ website.