The Scottish government is calling on investors to back more than £1bn of low carbon, eco-friendly and recycling investment opportunities.
Its Green Investment Portfolio, launched on 9 September, is aiming to promote market-ready projects that will help Scotland to transition to a net zero economy by 2045 and are seeking private capital. The first release of the portfolio – which will be expanded over time to include £3bn of projects – consists of 10 projects*, carrying a collective £1.16bn of investment potential.
The projects include the £250mn Aberdeen hydrogen infrastructure development programme; a joint venture greenfield development with Michelin in Dundee, specialising in electric vehicles (EVs); and Forev’s network of public charge points for EV charging across Scotland.
The 10 projects listed in the Scottish government’s Green Investment Portfolio:
- Aberdeen Hydrogen: Aberdeen City Council is seeking long-term investment and development partners for a £250mn hydrogen infrastructure development programme across housing, heating and transport sectors.
- Advanced Manufacturing Innovation District Scotland: With a value of £150mn, Renfrewshire Council is seeking JV partners for on-site generation of renewables, the first fifth-generating heating network in Scotland and build-out of the park itself.
- Clyde Gateway: A £200mn green regeneration programme.
- Michelin Scotland Innovation Parc: A joint venture between Dundee City Council, Michelin and Scottish Enterprise to support low carbon innovation, specialising in EVs, with a value of £25mn.
- Mossend International Railfreight Park: An initiative aiming to be a game-change for Scotland’s railfreight infrastructure and environmental ambitions with a value of £200mn.
- Hunterston Port and Resource Centre: A 320-acre deep-water port and marine yard in Scotland to power the low carbon economy. It is seeking partners for three stages of development: co-development investment in infrastructure for energy transition (£10-30mn); early-stage and growth stage equity participation in developing innovative solutions to waste processing and alternative materials to plastic packaging (£0.5-5mn); and development investment (£30-100mn) in new power generation facilities for the site. Collective value of £135mn.
- Inverurie Energy Park – Agile Energy Recovery: A £200mn investment opportunity to build a green energy power plant and district heating network.
- Peddlesmart: A low-carbon freight and people transport solution. A range of products are currently in the development and testing phase. Value of £1mn.
- PI Polymer Recycling: Funding partner sought for £3mn plastics recycling plant within one of Scotland’s largest waste management facilities in Pertshire.
- Forev: Forev is developing and building a network of public charge points for EV charging across Scotland. Value of up to £40mn.