AN INTERNATIONAL conference which will aid Scotland’s low-carbon economy by helping projects, technologies and companies to access finance and funding has been backed by the sector.
The Scottish Low Carbon Investment Conference is a key component of the Scottish Low Carbon Investment Project, a Scottish Government-backed initiative.
The two-day event, organised by organiser Edinburgh Chamber of Commerce, will take place at Edinburgh International Conference Centre on September 28 and 29.
Martin McAdam, chief executive of Edinburgh-based wave-energy developer Aquamarine Power, said: “In the last decade Scotland has established a global lead in marine energy technology.
“Our next step to deliver commercial technology and building a green export industry in Scotland can only be achieved through attracting significant private-sector investment. The Scottish Low Carbon Investment project and conference is a great opportunity for the Scottish Government and its partners to bring investors and companies together and make Scotland the place to invest in green technology.”
Aquamarine said last month it had raised an additional £6million of equity funding to build a new wave-energy device in Scotland later this year and instal it for trials at the Emec test site in Orkney in 2011.
The company has already had a prototype device on trial at the centre since last November.
Earlier this week, BAE Systems said it had teamed up with Aquamarine in a near-£1million project to deliver cheaper and more reliable sources of clean energy. BAE has awarded a £450,000 grant, match-funded by project partners, to support a 30-month research and development project to allow large-scale production of the Oyster wave-energy device.