The money – titled the Renewable Energy Investment Fund (REIF) – represents half of the pot amassed on the back of the Fossil Fuel Levy, which is imposed on all hydrocarbon-based energy generators in Scotland.
Last year Scotland struck a deal in a long-simmering dispute with the UK government over who should control how the money is spent.
Under the terms of the agreement, Scotland was allowed to spend half the money as it saw fit on supporting its domestic renewables industry, while the remaining half is to be ploughed into the £3bn UK-wide Green Investment Bank, which will be located
