Scotland

Small Scottish island wants to be world's first 100% renewable energy place

Eigg, a small island which is part of Scotland's Hebrides archipelago, wants to be the world's first 100% renewable energy place by replacing current diesel generators with a network of wind turbines, hydroelectric plants, and solar panels as sources of electricity.

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Scottish travel agency Minoan buys back stake from investor

Glasgow, Scotland-based travel agency and property developer Minoan Group PLC bought back a 20% holding in its travel and leisure business for £930,000, which it previously sold to an outside investor for £770,000.

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ACS Clothing bags £8.5M in funding from UK's Business Growth Fund

Glasgow, Scotland-based formal hirewear supplier ACS Clothing bagged £8.5 million in funding from London, UK-based investor Business Growth Fund (BGF) for the expansion of its online activities.

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Viridor invests in £25M glass recycling facility in Scotland

UK-based recycling, renewable energy and waste management firm Viridor invested in a £25-million glass recycling facility in Scotland that will help create 300 full-time jobs in the country.

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Resonance buys four UK wind farms after $100M fund boost

London-based alternative asset management firm Resonance Asset Management LLP bought four wind farms in the UK after raising $100 million from institutional investors for its first Resonance British Wind Energy Income fund.

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Excavation firm Marin to acquire Scotland's AGR Seabed Intervention

Ultra-deepwater excavation specialist Marin confirmed is to acquire Aberdeen, Scotland-based trenching solutions provider AGR Seabed Intervention for an undisclosed amount after a successful alliance between the two firms this year.

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UK venture capital firm SEP to boost portfolio investment to £60M

Glasgow, Scotland-based growth equity and venture capital firm Scottish Equity Partners (SEP) said it will boost its total portfolio investment from £40 million last year to £60 million this year.

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ITV sells last of its stake in Scottish broadcaster STV for £7.5 million

London-based broadcaster ITV Plc has sold its remaining 6.79% stake in Scotland-based broadcaster STV for £7.5 million, severing a shareholder relationship that goes back to the 1990s.

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PensionDanmark to invest GBP153 million in UK wind farms

Denmark-based pension fund PensionDanmark is set to invest GBP153 million in six onshore wind farms of Falck Renewables, in a deal that will give the Danish firm a 49% stake in the energy sites in Wales and Scotland.

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Scottish gaming tech company receives support from venture capitalists

GamesAnalytics raised GBP860,000 in public and private funding.

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