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Scotland's finance secretary welcomes Scottish-Japanese partnership to invest in renewables

Scottish finance secretary John Swinney has welcomed the formation of a Scottish-Japanese partnership to invest in oil and gas and renewables opportunities in Scotland and internationally.

Swinney met with senior executives of Japan’s Mitsui & Co. in Tokyo as details were announced of its strategic partnership with Scotland’s Global Energy Group.

Global Energy last year acquired the Nigg fabrication site on the Cromarty Firth. Founded in 2005, Global Energy Group has head offices in Aberdeen and Inverness and is now one of Scotland’s leading employers, with a workforce of more than 4,300.

The Scottish Government, with Highlands and Islands Enterprise, is supporting the transformation of the Nigg yard into an important renewables hub.

Mitsui & Co. has taken a 25% equity share in the company allowing it to ramp up its investment plans.

“The announcement is further evidence of Scotland’s international standing and global leadership in offshore energy, both in oil and gas and renewables,” said Swinney. “The partnership of ambition and engineering expertise that Global Energy Group and Mitsui have forged will create more jobs and career opportunities and build on our existing skills base.”

Global Energy Group completed the purchase of the former North Sea Oil fabrication facility at Nigg, on the Cromarty Firth in October 2011. Nigg is a key strategic site for the energy industry in Scotland and one of the largest facilities of its kind in Europe.

The company is transforming the 238-acre site, renamed Nigg Energy Park, into a modern, multi-user facility serving a range of energy sectors, including oil gas and renewables.

First Minister Alex Salmond officially opened a new training facility at the park last month, which is being developed by a public-private partnership to meet the skills requirements of the industry.

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