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October 10, 2012

Alex Salmond launches £103m renewable energy fund

First Minister Alex Salmond is set to announce the launch of a £103m fund for Scottish renewable energy projects.

The Renewable Energy Investment Fund (REIF) aims to attract more private investment to the sector.

Its initial priorities include wave and tidal energy and renewable district heating.

The fund is being set up following a deal between the UK Treasury and the Scottish government over the release of funds from the fossil fuel levy.