Red Rock Power – a subsidiary of China’s State Development & Investment Corporation (SDIC) – has opened new offices in Scotland.
SDIC plans to invest further in renewable developments in Scotland, building on its existing offshore wind projects.
On her visit to the company new office in Edinburgh, Scottish First Minister Nicola Sturgeon had a ‘productive meeting’ with Mr Wang Huisheng, SDIC Chairman of the Board of SDIC, and some of his senior colleagues.
Sturgeon said: “China’s presence here is a vote of confidence in our renewables sector and we are committed to working closely with SDIC to support their investments in Scotland.
“We also want to identify opportunities for Scottish supply chain companies in the Chinese market and are keen to work with SDIC to stimulate more investment into Scotland. I hope this marks the start of a new and successful chapter for both SDIC and Scotland’s renewables sector.”
SDIC Chairman Wang Huisheng said: “We are keen to find more investment opportunities in Scotland and will try to be an excellent model in terms of the enterprise development and co-operation between China and the West”.