Supporting and facilitating the creation, supply and development of low carbon

projects across Scotland

-What drives the investment

opportunity?

The targets

£200bn investment

needed by 2020Increase

Microgeneration capacity to 10%

Reduce emissions by

40%Renewable

technologies fuelling 40% of consumption

12% more efficient energy

consumption

Reduce waste to landfill/increase recycling rates

More low carbon transport

SGIP activities

• Identify projects and manage pipeline• Identify sources of finance and effect

introductions• Support the development of commercial

projects• Coordinate targeted resources required by

those above

SGIP’s partnership role

HUB

Local authorities

Others

SE and HIE

SFC SDI

Crown Estate

Scottish Government

Scottish Future Trust NHS

SGIP

Private developers

Local authorities

Utilities

NDPBs

Private capital

GIB/REIF

Public funds – Low carbon incentives

PWLB finance

Project originatorsPublic sector agencies

Sources of capital

-Over 200 projects

- Over £6bn in capital value

- Private and public sector projects

SGIP project sectors

Waste to energyBiomass and

biofuels

Solar

CHP and district heating Wave and tidal

Fuel cells/grpund source heat pumps and

energy efficiency

Low carbon transport and streetlighting

The following are the key strategic objectives for GIB:

• “Double bottom line”

• “Green Impact”

• Financial return on investment

GIB – Key strategic objectives

The main sectors for GIB are:

• Offshore Wind

• Waste and Bio-energy

• Non-domestic energy efficiency

• Green Deal

• Other areas such as biomass; biofuels, carbon capture and storage, marine energy and renewable heat

GIB – Sectors of interest

What are the key headlines to date:

• Formally launched in November 2012

• £3.8bn to invest in 3+ years

• 6 fund managers appointed for smaller deals; SDCL, Equitix, Foresight, Greensphere, Soc Gen and AVIVA

• Provided financial support for biomass plat at Drax• Funded an NHS energy centre in Cambridge

• Member of lending club a waste PFI contract for Wakefield Council• Refinanced a stake in Walney Offshore Wind Farm

• Invested in Rhyl Flats offshore wind farmFinanced

GIB – Activity to date

REIF - A £103m fund to invest in the renewable energy sector in Scotland

• Launched in October 2012

• Sponsored by the Scottish Government

• To promote the use of energy from renewable sources and drive further investment into key industry areas

• Investment products include loans, equity and guarantees

• Fund must be fully invested by March 2015

REIF – RENEWABLE ENERGY INVESTMENT FUND

3 key areas of Scotland’s renewable energy sector are supported:

Marine renewable energy• deployment and operation of arrays

• innovative technologies that will decrease the costs and risk

Community ownership of renewable energy projects• Community led renewable energy projects

• Investment in larger scale commercial renewable projects

District heating networks which have a renewable heat source

REIF – RENEWABLE ENERGY INVESTMENT FUND

REIF will also consider projects that do not fall within these key areas.

• Projects that support the delivery of energy from a renewable source

• Projects that use innovative energy technology which reduces the cost and/or removes the risks associated with delivering renewable energy

REIF – RENEWABLE ENERGY INVESTMENT FUND

To be eligible for REIF funding, projects must meet certain criteria and should:

• Provide a benefit to Scotland

• Be located in Scotland / devices deployed in Scottish waters

• Deliver energy from a renewable source

• Have a funding package at an advanced stage and an identifiable funding gap

• Be committed to the principle of community benefit

REIF – RENEWABLE ENERGY INVESTMENT FUND

Why are we here?

• SMART ACCELERATOR Programme

• Project interfaces

• Common purpose

• Network opportunities

SGIP and ECCI

John Watt – john.watt@scotgip.com07767 870628

Kevin Leitch – kevin.leitch@scotgip.com07971 953001

SGIP – CONTACT DETAILS