The Scottish renewable energy industry has welcomed the UK Treasury’s announcement it will release £100m collected from the Fossil Fuel Levy to renewable investment in the country.
But it is not clear at this stage how much of the cash would reach energy-from-waste technologies.
Niall Stuart, chief executive of Scottish Renewables, which represents the sector in Scotland, said his organisation had campaigned for the fund as a “game changer” in public sector support for renewable energy technologies.
“This fund will allow government to target major opportunities for offshore wind technology development, marine device deployment and capital intensive heat technologies among others, and help work with industry to drive down costs.”
Announcing the funding release chancellor George Osborne said: “It’s great news that we have been able to cut through the arguments and the wrangling with the Scottish Government that have stopped this money being invested in the past. It shows how serious the UK Government is in its support for Scotland’s green future.”
The Scottish Government’s finance secretary John Swinney said the announcement was overdue but welcome.
“For too long Scotland’s money has been sitting unspent in an Ofgem account in London,” he said. “The proposal we put to the UK Government has at last broken this logjam and made over £100m additional funding available now - vital funding to support further renewables investment, and make the Green Investment Bank a reality for ongoing support.”
Neither the Treasury nor Scottish Renewables could say how the funding would be distributed across the sector and whether energy-from-waste technologies could benefit.