The investment will be made from the company’s £200m fund and is expected to be distributed among four to six renewable energy firms, reports Bloomberg.
Commenting on the initiative, Scottish Equity partner Gary Le Sueur was quoted by the publication as saying that the company is looking forward to invest in energy efficiency, low-power lighting and smart-grid businesses.
The efficiency measures, including low-power lighting and insulation are expected to help lower energy bills and the government is committed to reduce around 80% of the greenhouse gas emissions by 2050.
Scottish Equity along with SSE has a £95m Environmental Energies Fund, which has invested in firms such as Solar Century, Green Highland Renewables and Aquamarine Power.
