Swinney to host event on Scotland’s ‘growth and success’ in offshore wind energy

John Swinney is to speak at an investment event on Scotland’s “growth and success” in the offshore wind industry.

On Monday, more than 100 stakeholders, including investors and developers, will attend the Global Offshore Wind Investment Forum in Edinburgh, hosted by the First Minister.

The forum aims to raise Scotland’s profile as a destination for capital investment in offshore energy.

The growth and success of Scotland’s offshore wind industry is not only an ambition of my Government, it is a priority for me personally

The Scottish Government says it will invest up to £500 million over five years in the offshore wind supply chain to leverage an expected £1.5 billion of private investment.

Speaking ahead of the forum, the First Minister said: “The growth and success of Scotland’s offshore wind industry is not only an ambition of my Government, it is a priority for me personally.

“Delivering on its promise will not only deliver our global climate obligations but create significant new jobs and economic opportunities.

“History has shown that success stems from choosing the right time and place to capitalise on the next innovation of the era.

“We have already gained a significant first-mover advantage and laid the groundwork for success.”

He added: “Now we are poised to move to the next stage of development and growth and reap the rewards of what we estimate could be a £100 billion market.

“The Global Offshore Wind investment Forum is about ‘Team Scotland’ showcasing the offer that Scotland’s offshore wind sector offers to global investors.

“We have a compelling story and a clear message that Scotland is open for business.”