The Chinese state-owned investment holdings company is planning to invest further in renewable energy development in Scotland, building on its existing offshore wind projects. Visiting the company’s new offices in Edinburgh, First Minister Sturgeon met with Mr Wang Huisheng, Chairman of the Board of SDIC, Mr Hu Gang, Chairman of SDIC Power Holdings Co. Ltd and other SDIC senior executives from China.
“SDIC’s presence here is a vote of confidence in our renewables sector and we are committed to working closely with SDIC to support their investments in Scotland” said the First Minister. “We also want to identify opportunities for Scottish supply chain companies in the Chinese market and are keen to work with SDIC to stimulate more investment into Scotland. I hope this marks the start of a new and successful chapter for both SDIC and Scotland’s renewables sector.”
SDIC Chairman Wang Huisheng added that the company is keen to find more investment opportunities in Scotland and will try to be an excellent model in terms of the enterprise development, the co-operation between China and the West, good employee-employer relations and the good relationship between the government and businesses. The company is looking forward to participating in more areas of Scottish economic development and helping to increase the country’s prosperity.
According to Paul Lewis, Managing Director of Scottish Development International, the SDIC investment not only reinforces the global potential of the Scottish renewables sector but also increases its attractiveness to overseas investors. Scotland has a well-developed business ecosystem, a competitive environment and a world class skills base. This in turn has helped the country to become the top performing location for inward investment in the UK outside of London, with China in particular being a key market.
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