Renewables

Scotland's renewable energy resources offer big opportunities for international investors.

25% offshore resource

Scotland has 25% of Europe's offshore wind and tidal resource

£308 billion global market

The global market for low carbon heat technologies is predicted to grow to £308 billion by 2050

60% onshore wind capacity

Scotland has over 60% of the UK's onshore wind capacity

A renewables world-leader

With our abundant resources, outstanding locations, exceptional experience, unrivalled Government support and world-class research and development facilities we are a world-beater where it comes to renewables. There's no better industry for investment opportunities than Scotland's thriving renewable energy sector.

Investing in Scotland means access to potential capital contracts worth tens of billions as well as huge export revenue possibilities.

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Government support

The Scottish Government is fully committed to the following energy targets:

  • Generating 100% of Scotland's electricity demand from renewables by 2020
  • Delivering 50% of Scotland's total energy consumption from renewables by 2030
  • Reducing Scotland's CO2 emissions by 80% by 2050

Innovation support

  • Our world class innovation centres bring together leaders in industry and academia
  • The Energy Technology Partnership (ETP) is the largest and most broad-based energy research partnership in Europe, comprising 600 researchers across 13 universities
  • Scotland is the UK’s leading region for investment in higher education R&D
  • Scotland is the UK’s most successful region for university spinouts
Sgurr Energy meeting

Broad network of innovation, R&D and T&D facilities 

  • Scotland is home to 15 universities, 5 of which are ranked in the world’s top 200
  • 85% of employers are satisfied with the work readiness of Scottish graduates

Financial support

Our energy transition is underpinned by targeted financial support

  • £500m to support the adoption of low carbon heating and energy efficiency measures (SEEP)
  • £60m for innovative low carbon infrastructure projects (LCITP)
  • £20m for projects delivering important solutions for the renewables and low carbon sector (Energy Investment Fund)
  • £45m for 600 local energy projects supported via CARES since 2013
  • £28.8m for 77 projects supported via Wave Energy Scotland since 2014

The Energy Investment Fund (EIF) provides flexible investment and debt funding for energy projects in Scotland to help Scotland’s transition to a low carbon economy.

Explore Scotland's energy ports

Scotland's renewable energy resources offer huge opportunities for international investors.

Ports across the country offer a range of infrastructure, facilities, skills and supply chain to support renewables as well as oil and gas, decommissioning and subsea industries. Watch our video to find out more:

A diverse industry

A marine energy game-changer for Scotland

MeyGen’s tidal energy project in the Pentland Firth is Europe's largest tidal power project and the world's first commercially funded tidal array.

Together with our partner organisations, we've been supporting MeyGen's work in Scotland since 2006.

Eventually 269 turbines will be installed on the MeyGen project site, producing 398MW, that's enough to power 175,000 homes and support more than 100 jobs.

By joining MeyGen in Scotland your project will be at the forefront of tidal power generation.

"The involvement of Scottish Enterprise and the Scottish Investment Bank was instrumental in getting the project finance package required to undertake Phase 1 of this seminal project. MeyGen is now the poster child for marine energy sector globally."

Tim Cornelius, CEO of Atlantis, owners of the MeyGen project

15 reasons to invest in Scotland's renewables

  1. We are Europe's leading energy hub
  2. £200 million of public funds are available to support renewable energy projects
  3. Our aim is to produce the equivalent of 100% of electricity from renewable sources by 2020
  4. Scotland has the world's largest energy research group
  5. We have decades of experience and an infrastructure to match
  6. We're home to 2000 supply chain companies employing 200,000 staff
  7. Scotland is 12,000km of coastline and more than 790 islands
  8. A global centre for offshore energy
  9. The European Marine Energy Centre (EMEC) is the first of its kind
  10. MeyGen's tidal project is Europe's largest tidal power project
  11. Around a quarter of Europe's offshore wind crosses Scotland
  12. In 2015, 59% of Scotland's electricity consumption came from renewable sources.
  13. We have over 700 renewables scientists, engineers and academics
  14. A long track-record of joined-up support for the sector
  15. The 1.2 gigawatts of onshore wind currently under construction is expected to deliver an annual turnover of £580 million

"It’s a very exciting time for us and the sector as a whole. Tidal power could help deliver clean, predictable, sustainable and secure energy to millions of homes in the UK, making use of the highly sophisticated existing supply chain already present in Scotland. We would not have reached this stage without support from Scottish Enterprise and the Scottish Government. Their support has allowed the industry to power ahead, and Scotland to lead the world."

Tim Cornelius, CEO of Atlantis, owners of the MeyGen project

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Financial and tax incentives

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Our people and skills

Access an exceptionally well educated, skilled and talented workforce.

If you have any questions or want to talk with one of our advisers, we're always ready to help.