£20 million local energy fund
Community partners will be able to bid to be part of a new £20 million local energy challenge fund, First Minister Alex Salmond announced.
The First Minister said the fund will help reshape how energy is delivered and used in communities throughout the country, confirming Scotland’s position as a global leader in renewables and low carbon development.
Mr Salmond was speaking ahead of today’s cabinet meeting in Arbroath, the final meeting before next month’s referendum.
From today (August 18), local partnerships including community groups, charities, local authorities, housing associations, universities and businesses can apply to set up low-carbon energy pilot projects in their areas, through the Community and Renewable Energy Scheme (CARES) Local Energy Challenge Fund.
The Scottish Government’s target is to see 500 MW of renewables in the community and locally-owned by 2020. The Fraser of Allander Institute has now estimated that this target will be worth up to £2.2 billion over the lifetime of associated projects.