INVESTORS are being invited to get behind more than £1 billion of low carbon, eco-friendly and recycling investment opportunities.
Led by the Scottish Government, the Green Investment Portfolio promotes market-ready projects that will help Scotland transition to a net-zero economy by 2045 and are seeking private capital.
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In total, ten projects with £1.16 billion of investment potential – including a hydrogen development programme in Aberdeen – are included in the first release of the portfolio.
Aberdeen City Council is seeking long-term investment and development partners for a £250 million hydrogen infrastructure development programme across housing, heating and transport sectors.
Fiona Hyslop, economy secretary, said: “Worth around £300 trillion globally, we know that the market for green finance is burgeoning and Scotland’s natural assets and reputation for innovation make it a highly attractive place for that investment.
“We know investors need credible projects that reduce emissions to match their own green ambitions. By assessing these projects before they go to market, the Green Investment Portfolio gives global investors the confidence they need to back projects in Scotland.
“The range of opportunities within this portfolio will expand over time to include £3 billion of projects ready for green finance investment, covering sectors from environmentally sustainable commercial real estate to low emission transportation and green energy.
“Working in partnership with business, we are committed to ensuring that economic growth promotes happiness and improves the opportunities, life chances, and wellbeing of every citizen in our country.”
