More than £850 million has been injected into Scottish projects over the past four months as investors are drawn to the country’s energy transition.

The total is boosted today by the Scottish National Investment Bank’s (SNIB) announcement of £6.7 million for Subsea Micropiles, which is developing a marine anchor system for large offshore construction projects.

The company has also secured £2.5 million from Japanese investor Marubeni and is committed to building a manufacturing facility in Scotland, supporting about 100 jobs.

SNIB’s investment is part of the up to £500 million committed by the Scottish Government over five years to grow offshore wind supply industries and infrastructure.

Other funding rounds include the £20 million investment by SNIB into subsea cable manufacturer XLCC’s planned new facility in Hunterston Ayrshire, and £50m by Forth Ports for new infrastructure at the Port of Leith to support a major offshore wind contract.

A further £800m from Copenhagen Investment Partners has been invested in new battery storage projects in South Lanarkshire and Fife, as well as £5m from Highlands and Islands Enterprise to support the development of a new harbour facility for the assembly of offshore wind turbines at Scapa Flow.

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“The increasing pace of investment announcements will create jobs across the country and is further evidence of growing private sector and investor confidence in Scotland’s economic potential,” deputy first minister Kate Forbes said ahead of a Scottish Parliament debate on Increasing Investment in Scotland.

“Scotland has the talent, skills and resources to become a major player in the global energy transition and the Scottish Government is determined to ensure that this happens. This includes investing up to half a billion pounds to unlock the additional private investment we need to realise this enormous opportunity.

“Work is gathering pace. The backing for Subsea Micropiles demonstrates the strategic approach the Scottish Government is taking alongside SNIB and our enterprise agencies, focusing on bringing new investment and green jobs to Scotland while supporting the delivery of our burgeoning offshore wind capabilities.

“And next month we will host the Global Offshore Wind Supply Chain Forum in Edinburgh, bringing together international investors to discuss opportunities and further highlight what Scotland has to offer.”