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MENAFN Press - 07/10/2012

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(MENAFN Press) Scotland will this week host its annual Scottish Low Carbon Investment Conference (SLCIC) in Edinburgh.

Attended by senior financiers, utilities chiefs and politicians from around the world, the conference is an initiative set up by the Scottish Government to identify and discuss the opportunities and challenges around major offshore developments and infrastructure projects, as well as showcasing technological solutions to attract investment.

The event is to be opened by First Minister, The Right Honourable Mr Alex Salmond MSP, who will highlight Scotland's role in leading innovation and development in the low carbon field.

Other speakers include Mr Ron Heyselaar, head of project development for the Abu Dhabi renewable Energy Company (Masdar), who will be giving a keynote speech on deploying large scale clean energy projects and the importance of partnership and policy.

Mr. Heyselaar will be joined by Lord Smith of Kelvin, Chairman of the UK's Green Investment Bank, and Mr Kristian Moller, the Deputy Director General of the Danish Energy Agency will also be speaking alongside Mr Fergus Ewing, Scotland's Energy Minister.

Masdar and the Scottish Government signed a Framework for Action (FFA) to develop a comprehensive renewable energy plan in January earlier this year at the World Future Energy Summit in Abu Dhabi.

Masdar's attendance at the Edinburgh conference is further evidence of the close working relationship that Scotland is developing with the UAE-based organization.

"The framework signed by the Scottish Government and Masdar-Abu Dhabi's renewable energy company-combines efforts to advance new, sustainable forms of energy," added Mr. Heyselaar, head of project development for Masdar.

"We realize the value and benefits that stems from our cooperation and collaboration on renewable energy projects."

Dr Lena Wilson, chief executive of Scottish Enterprise, Scotland's main economic development agency responsible for attracting foreign investment into the country, said: " With unrivalled natural resources -25% of Europe's tidal resources and 25% of Europe's wind resource and 10% of Europe's wave resource - Scotland has some of the most ambitious renewable energy targets in the world. We are committed to producing the equivalent of 100 per cent of electricity from renewables by 2020.

This makes us a hub for research into sustainable energy solutions and a focus for international investment and the conference provides an ideal opportunity for the clean energy industry to come together and discuss the challenges and opportunities facing the sector. "

"We are thrilled to have Masdar on board for this year's conference and this is a valuable platform from which we can share our combined knowledge with other international partners, and focus on development opportunities, investment in low carbon projects, technological cooperation, policy-making and best practice initiatives. "

About Scottish Enterprise
Scotland's main economic development agency which aims to deliver a significant, lasting effect on the Scottish economy. Its role is to help identify and exploit the best opportunities for economic growth. It supports ambitious Scottish companies to compete within the global marketplace and help build Scotland's globally competitive sectors. It also works with a range of partners in the public and private sectors to attract new investment to Scotland and to help create a world-class business environment. Its international development arm is Scottish Development International. Scottish Development International (SDI) works with both overseas and Scottish-based companies and organisations. Its mission is to grow the Scottish economy by encouraging inward investment into Scotland and by helping Scottish-based companies to develop trade outside of Scotland. SDI is a partnership between the Scottish Government, Scottish Enterprise and Highlands and Islands Enterprise and its work is guided by the Scottish Government's strategy for economic development in Scotland (www.sdi.co.uk).Scottish Development International in the Middle East: The Middle East region is recognised as being a fast growing market which presents valuable opportunities for Scottish organisations and their international growth plans. In response to demand, Scottish Development International opened a Middle East office, in the British Embassy, Dubai in January 2010. Initially the office was staffed by Regional Manager, Colin Crabbe and International Executive, Moira Bibb. In May 2011 due to increase in requests for assistance and advice by Scottish based companies, Naomi Clarke joined the team as International Executive. The role of the office is two-fold; Trade and Inward Investment. Over the past 20 months SDI Dubai office has supported numerous Trade Missions who have visited the region and have helped many Scottish companies to set up offices here or assisted them with their plans to trade in the region.


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