Multi-million investment for floating wind at Kishorn Port
Highlands and Islands Enterprise (HIE) will invest over £24m at Kishorn Port in the West Highlands to expand its dry dock enabling the manufacture of floating offshore wind substructures.
Brian McFarlane, industry co-chair of the Scottish Offshore Wind Energy Council, commented:
“The £20 million investment by the Bank is providing crucial capital to a key stage in Scotland’s offshore wind supply chain. The funding boost for XLCC will build on our current capabilities to deliver a world-leading cable manufacturing factory to help power homes with green energy, creating hundreds of local jobs in the process.
“XLCC’s potential impact has already been recognised as one of the sector critical projects involved in the Strategic Investment Model (SIM). The Scottish Offshore Wind Energy Council (SOWEC) welcomes this vital funding into Scotland’s supply chain, further establishing our offshore wind industry as a global player in green energy production.”
Ian Douglas, CEO of XLCC, said:
“SOWEC’s endorsement for XLCC as one the critical projects for the development of Scotland’s renewable industry under the Strategic Investment Model, has been a significant factor in our success this far, and today’s commitment from the Bank marks a step forward for Scotland’s net zero ambitions.”
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