2 November 2010

Stevenson Hails Massive Boost For Peterhead Renewables Future

Banff & Buchan MSP Stewart Stevenson has welcomed the announcement of a £70 million fund to boost renewables infrastructure in Scotland. Earlier this year, Peterhead was identified as one of Scotland's key sites for renewables infrastructure in Scotland's National Renewables Infrastructure Plan (N-RIP).

Peterhead will be one of the ports able to bid for part of the National Renewables Infrastructure Fund to develop its renewables infrastructure in coming weeks.

Commenting, Stewart Stevenson said:

“This funding will help Peterhead make significant progress towards becoming one of Scotland's infrastructure hubs for the rapidly growing offshore renewables industry. I am confident that with the right bid, Peterhead can expect to see a sizeable portion of this fund invested in the area.

"Scotland has 25% of Europe's offshore wind and tidal energy potential and 10% of its offshore wave energy potential. The scale of the economic opportunities available is enormous, and with the right investment, Peterhead will be right at the cutting edge of these developments.

“This announcement will help to boost the Banff & Buchan economy and create skilled jobs in the area. It is good news for Peterhead and a clear sign of our ambition and support for the economy of Banff & Buchan and Scotland as a whole.

“A similar fund worth £60 million was recently announced south of the border, so this £70 million pot of cash for Scotland will help to ensure we keep a competitive advantage in this important industry.”
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