An environment and sustainability wind project located in the Scottish Territorial Waters has been rescued by an injection of funding by the Crown Estate.
The organisation is set to provide £1 million to the offshore development Inch Cape, which lies off Scotland's Angus Coast.
Fears about the future of the project, which aims to provide power for 680,000 homes, were raised after energy company npower backed out last year.
Filling the funding gap left by the electricity provider, the SeaEnergy Renewables development will be able to continue operations as a result of the injection.
Gareth Baird, Scottish commissioner of the Crown Estate, said: "This investment demonstrates the critical role played by the Crown Estate in helping drive the Scottish offshore wind industry in line with one of the Scottish government's, key objectives."
The Crown Estate aims to benefit the taxpayer by placing revenue from projects back into the Treasury, as well as increasing the value of the country's estate.
Posted by Marc Casey
