At least £1.3 billion of investment in shovel ready projects is being put at risk by indecision by the UK Government over major funding decisions, say Scottish Government Ministers. Ministers and leaders of three Scottish Island Councils have written to Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, expressing concern about the effects of continued uncertainty on support for large-scale renewable energy projects on the Scottish Islands.
Scottish Government Ministers met council leaders from Orkney, Shetland and Comhairle nan Eilean Siar, at the Convention for Highlands and Islands (COHI) in Inverness today.
Delays in announcing which technologies will be supported in the next round of auctions that support the renewable energy sector are putting at risk existing investments made in developing renewable energy projects which would bring considerable socio-economic benefits for the Islands’ communities. An independent report, commissioned by the Scottish Government, estimated that Scotland’s island economies could benefits from up to £725 million over the next 25 years from renewables projects.