Scottish Enterprise (SE) and Highlands & Islands Enterprise (HIE) and HD Hyundai Heavy Industries have signed an agreement to explore the opportunities of building a manufacturing facility for floating offshore wind projects in Scotland.
The MoU follows the First Minister’s announcement of strategic investment of up to £500 million over the next five years to unlock private investment in ports, manufacturing, and assembly work to establish an offshore wind supply chain in Scotland. It also builds on recent announcements of international investment into the renewable energy supply chain, including the planned £350 million Sumitomo cable factory in the Port of Nigg, based in the Inverness and Cromarty Firth Green Freeport area. Up to £24.5 million of funding has been committed to this project by the Scottish Government, SE, and HIE.
