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Thursday, April 24, 2025

Investing in Renewables Revolution

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A groundbreaking £10 million investment is set to transform the Port of Nigg, reinforcing its role as a key player in the renewable energy sector.

Highlands and Islands Enterprise (HIE) has given the green light to substantial funding aimed at developing the port’s Inner East Quay, creating a heavy-duty quayside with roll-on roll-off capability.

The move, pending formal approval from Global Energy Nigg Limited, will significantly expand the port’s capacity, drawing in fresh investment and supporting the UK’s booming offshore wind industry.

HIE’s commitment aligns with the Scottish Government’s wider strategy to inject up to £500 million over five years into the country’s offshore wind supply chain.

Recognised as a premier hub for offshore wind component manufacturing and assembly, the Port of Nigg has already handled over 3.5GW of assets, solidifying its reputation within the sector.

A major boost came in 2024 when Sumitomo Electric Power Cables Ltd announced a £350 million high voltage cable manufacturing plant in the area, with Nigg designated as the main export facility.

Deputy First Minister Kate Forbes hailed the investment as a pivotal step towards further economic growth, job creation, and industry expansion.

She emphasised Nigg’s strategic importance, particularly as part of the Inverness and Cromarty Firth Green Freeport, sending a strong message to global investors that Scotland is committed to driving the offshore wind revolution.

David Oxley, HIE’s director of strategic projects, stressed that the investment cements the Highlands and Islands’ position as a leader in the renewable energy sector while bolstering international competitiveness.

He highlighted the economic and employment benefits, reinforcing the government’s commitment to working with both public and private partners to push the project forward.

Roy MacGregor, chairman of Global Energy Group, welcomed the funding, recognising it as a vital endorsement of Scotland’s offshore wind ambitions.

Since acquiring Nigg in 2011, Global Energy Group has invested over £120 million to transform the site into a state-of-the-art offshore wind hub, reflecting the company’s commitment to clean energy.

MacGregor noted that renewables now account for half of the revenue at both Global Energy Group and Nigg, underscoring the sector’s growing economic significance.

With a prime location and strategic positioning for future offshore wind projects such as ScotWind and INTOG, Nigg is poised to generate sustainable jobs and long-term prosperity for the Highlands.

This latest investment marks a significant milestone in Scotland’s journey towards renewable energy dominance, securing its place at the forefront of the global offshore wind industry.

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