SNP welcome Green Investment Bank to Edinburgh

The Green Investment Bank (GIB) locating in Edinburgh is testament to Scotland’s commitment and embracing of its vast renewable resources, Mike MacKenzie MSP has said.

Mr Mackenzie – a member of the Economy, Energy and Tourism Committee - said the industry’s progress is being propelled by the Scottish Government’s commitment to the renewable energy sector.

He said:

“The Green Investment Bank launching in Edinburgh today is a mark of Scotland’s renewable energy calibre.  Given Scotland’s natural wave and wind resources and the financial services based in our capital city and elsewhere, Edinburgh is the best location for the Green Investment Bank HQ.

“The renewables industry now meets 35 per cent of Scotland’s annual demand for electricity and directly employs more than 11,000 people across the country. We are well on the way to meeting the Scottish Government’s ambitious target of 100% domestic electricity consumption from renewable sources by 2020.

“This stands in stark contrast to the UK government changeable opinion on the value of renewables.

“I will be pressing UK Energy minister Ed Davey on the fact that that future energy policy of the UK must be renewable focussed – which will allow the developing green industry in Scotland to continue to blossom.”