International Trade Secretary Liam Fox announced the launch of the UK’s first Energy Investment Portfolio at a Board of Trade meeting in Swansea.
DIT will promote the 11 projects to investors in 108 countries through its global network. The portfolio includes projects in Nottinghamshire, Birmingham, Cardiff, North West Wales, London and North Lanarkshire.
Aberdeen City Council is seeking investment and development partners for an £850m hydrogen infrastructure development programme comprising a strategically co-ordinated range of subsidiary projects. While under the Bristol City Leap programme, Bristol City Council is seeking investment and development partners for a low carbon energy infrastructure programme of between £800m and £1bn.
DIT notes the Aberdeen and Bristol programmes are both at an early stage and offer the potential for a long-term relationship with the public sector partner. The councils are open to a variety of investor involvement to include equity partners, co-investment or development funding.
Meanwhile, Pivot Power is seeking £1.6bn for a national network of integrated grid-scale battery storage and electric vehicle (EV) charging facilities, while Gridserve is seeking £1bn for a national network of EV forecourts.
Fox said: “Today’s announcement is further proof that there is huge demand for UK projects from investors.”