Interconnector funding

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Highlands and Islands SNP MSP Mike Mackenzie secured a commitment from the Green Investment Bank that they will consider providing investment for electricity interconnectors to Scotland’s Islands.

The commitment came as the Scottish Parliament’s Economy Energy and Tourism Committee took evidence on Wednesday from the bank’s Chairman, Chief Executive and Operation’s Director.

When questioned by Mr Mackenzie, about whether they would be interested in investing in interconnectors, Sean Kingsbury, their Chief Executive, said it was a great idea.

Commenting Mr Mackenzie said: “This is fantastic news for the Highlands and Islands. I am pleased to see that there is a possibility of investment from the Green Investment Bank and I will be following up today’s exchange in the committee with a letter to the bank to try and help turn those words into action.”

He added: “Renewable energy projects, both large and small, on Scotland’s Islands are currently disadvantaged because they are unable to transport their energy to the grid. Because of their great natural resources their potential is massive – as the recent Scottish Islands Renewable Report illustrated –New submarine cables (interconnectors) are urgently needed to transport the significant amounts of renewable electricity which can be generated on Scotland’s islands to mainland consumers, so these interconnectors would be a great low-risk investment for the bank.

“I sincerely hope that this investment possibility is followed up by the bank, and I look forward to hearing further from them on this matter.”