Mission Alignment

The Bank's investment in the Iona Wind Partnership aligns with the Bank's net zero mission in supporting the expansion of clean, renewable energy in Scotland. 

Iona’s turbines, once built, are expected to generate clean renewable power estimated to avoid 12,800 kilotons of emissions and to power 850,000 homes with renewable energy.

 

"The Iona Wind Partnership has the potential to deliver renewable energy for up to 850,000 homes and significantly reduce emissions.''

Eilidh Mactaggart

CEO - Scottish National Investment Bank

Key Information

  • Amount Invested

    £13m

  • Reduction in emissions

    12,800 kilotons

  • Location

    Projects across Scotland

Key Quotes

Eilidh Mactaggart, CEO of the Scottish National Investment Bank said:

“The Iona Wind Partnership has the potential to deliver renewable energy for up to 850,000 homes and significantly reduce emissions and supports the Bank’s net zero mission.  

“The development of onshore wind in the UK has stalled since the removal of subsidies in 2015.  The Bank's investment has allowed Asper IM to reach the required scale to make the fund a reality. 

“We are pleased to be working with Asper Investment Management who are committed to investing in businesses that develop, build and operate sustainable infrastructure and assets and have a track record in developing onshore wind projects.’’

Luis Quiroga, Head of Investor Relations at Asper said:

“We are delighted to have the Scottish National Investment Bank’s support for Iona. Asper’s expertise is to “build the new” infrastructure for the energy transition. And Iona’s investments will make a crucial contribution to Scotland's future - helping to decarbonise its energy supply and boosting the Scottish economy.”

Alignment to United Nation's Sustainable Development Goals

All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:

  1. 7. Affordable and clean energy with sun lightbulb image

    Goal 7

    Affordable and Clean Energy

    Onshore wind is affordable, sustainable and clean

  2. 8. Decent work and economic growth with increasing bar graph and arrow image

    Goal 8

    Decent Work and Economic Growth

    Asper IM specialise in greenfield/new build opportunities

  3. 9. Industry, innovation and infrastructure with interlocking cubes image

    Goal 9

    Industry, Innovation & Infrastructure

    Established technology, cost competitive across the long term

  4. 13. Climate action with globe as part of eye image

    Goal 13

    Climate Action

    Reduced reliance on fossil fuels

Contact us

Do you have a question or an investment enquiry?

Contact Us