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Scottosh Govt to use £103m levy for renewables

The Scottish Government is to use £103 million raised from Fossil Fuel Levy to boost local renewable projects in Scotland

The Renewable Energy Investment Fund (REIF) will support local renewable projects, together with district heating and wave and tidal energy developers.

The Scottish Government has already committed £200m from the Spending Review over three years to similar projects.

Scotland’s energy minister Fergus Ewing said: “This £103 million Renewable Energy Investment Fund will allow communities all over Scotland to reap the benefits of our green energy revolution.”

Scotland has astounding green energy potential and vast natural resources, and we have a responsibility to make sure our nation seizes this opportunity to create tens of thousands of new jobs and secure billions of pounds of investment in our economy.”

Ewing also said an additional £2 million had been earmarked to support community renewables for 2012 to 2013, building on the existing Community and Renewable Energy Scheme (CARES).