INSPIRING OPPORTUNITIES IN RENEWABLE ENERGY
- Edinburgh has been ranked top of its category for the third year in a row in fDi magazine’s European Cities and Regions of the Future awards, winning ‘top mid-sized city in Europe overall 2014/15’.
- Edinburgh is the UK’s largest financial centre after London by both gross value added (£4.5bn in 2010) and employment figures (38,000 in 2012).
- The UK Green Investment Bank set up its headquarters in Edinburgh in 2012. It is first bank of its kind in the world, set up to invest solely in sustainable projects and to date has invested in 27 projects and directly committed £1.3bn.
- Edinburgh is Scotland’s capital city with four universities, all of which are ranked in the top 100 universities in the UK. The universities make the city a strong research and development centre, which is one of the key reasons for top companies, talent and students coming to Edinburgh.
- The University of Edinburgh’s Institute for Energy Systems has a current grant research portfolio of around £10m. The Institute is a key partner in the UK SuperGen Marine Energy Research Consortium, which comprises 15 UK leading universities.
- 42% of working age residents Edinburgh are educated to degree level or above and over 50,000 residents speak a second language. Edinburgh’s workforce is highly skilled and this attracts top companies here, which in turn increases Edinburgh’s desirability as an investment location. Two of the world’s 30 largest renewable energy companies have a presence in Edinburgh.
- It has recently been announced that tidal power company Atlantis Resources Corporation is to receive £2m from Scottish Enterprise to establish a global engineering hub in Edinburgh.
Edinburgh is home to over 230 companies involved with renewable energy, including the headquarters of 27 major developers and producers. Companies include Aquamarine Power, Logan Energy, NGenTec. Artemis Intelligent Power and Mitsubishi Power Systems Europe. Mitsubishi has recently announced plans to invest up to £100m to establish a Centre for Advanced Technology in Edinburgh.
Edinburgh’s universities are at the forefront of renewable energy research. Heriot-Watt University is currently investing £17m in the Sir Charles Lyell Centre, which will promote innovative research in geoscience, marine ecology and engineering. The University of Edinburgh recently opened the Edinburgh Centre for Carbon innovation which is the first listed building in the UK to be awarded a BREEAM ‘Outstanding’ rating.
Edinburgh is home to a number of research collaborations including the largest Carbon Capture and Storage research group in Europe. The Scottish Institute for Solar Energy is also based in the city and has developed a number of new commercially viable renewable technologies.
Economic Development, the City of Edinburgh Council
Tel: 0131 529 6465