Offshore Energies UK, the leading trade body representing over 400 firms working on projects across oil and gas to wind, hydrogen, geothermal and carbon capture technologies, has today commented on the announcement of a public-private agreement to help expand operations and attract new investment at the Port of Montrose in Scotland.
A Scottish Enterprise grant of £3.2 million will support a £7.2 million project to acquire and develop land just under two miles from the port. The new site, Montrose Port Industrial Park, will enable new companies to grow and adapt alongside Scotland’s thriving renewables sector.
Thibaut Cheret, wind & renewables manager, Offshore Energies UK says:
“Investment in next generation energy infrastructure is critical to the future of our North Sea. This is an example of government working in partnership with business to crowd in the investment we need to build a globally competitive energy mix. Scotland’s world class firms and their skilled people can use new facilities like this as a springboard to success at home and in global markets.
“The Scottish Government has committed to invest up to £500 million over five years to develop the offshore wind supply chain and leverage an additional £1.5 billion of private investment. These investments must benefit businesses, people and communities across the nation. OEUK and our members continue to engage with Scottish government to help bring 40GW of offshore wind online by 2035.”
OEUK is campaigning for a homegrown energy future that makes the most of domestic energy resources as we journey to net zero. Find out more by visiting our campaign hub www.oeuk.org.uk/manifesto
