Tripling of investment outlined in draft Scottish Budget for 2025/2026 could leverage £1.5bn in private capital
Offshore wind in Scotland is earmarked to receive £150m of government investment, announced in the draft Scottish Budget 2025/2026.
Shona Robison, Scotland’s cabinet secretary for finance, stated that the money will help leverage private investment of £1.5bn in the infrastructure and manufacturing facilities critical to growing the sector, underlining the Scottish Government’s commitment to invest up to £500m in the offshore wind sector over five years.
Claire Mack, Chief Executive of Scottish Renewables, said: “At a time of constrained public finances, it is welcome that the Scottish Government has prioritised investment in renewable energy given it is our greatest opportunity for economic growth.
“In particular, we are pleased to see confirmation of the next tranche of funding previously committed to the offshore wind supply chain. It is also encouraging to see the revenues from ScotWind directly utilised for clean industrial growth alongside more resourcing into the planning system.”
Rod Hutchison, partner and energy sector lead at Aberdein Considine, said: “We also greatly welcome the announcement of plans to establish an offshore wind hub in the city.
“This showcases the government’s increasing confidence in the region, following on from the recent decision to base GB Energy in Aberdeen.
“This new hub will support agencies and industry bodies to streamline what is quite often a complex planning system for offshore renewables projects, ultimately speeding up their deployment.
Read more: renews
