A Japanese corporation is to invest £200 million in an undersea cable factory in the Highlands, the Scottish Government has announced.
Energy Secretary Neil Gray said the Sumitomo Electric Industries plant will create 150 jobs.
The deal was announced last month when Mr Gray visited Japan on a three-day trip and further details were confirmed on Thursday.
The factory will make cables for use by offshore wind farms.
Energy Secretary @neilcgray has welcomed confirmation that a new Highlands sub-sea cable factory will create 150 highly skilled green jobs through a £200m investment. The @scotgov Cabinet Secretary met @Sumitomo_s_m in Osaka last month. pic.twitter.com/a0IYLHHvvv
— Scottish Government Finance and Economy (@scotgoveconomy) May 18, 2023
Mr Gray said: “Sumitomo’s proposed investment in Scotland can promote rapid expansion of the renewables industry by connecting hundreds of offshore wind turbines.
“I met senior company executives in Osaka last month to discuss this investment and we are working closely with our enterprise agencies and other partners to support and ensure it delivers maximum benefit for Scotland.
“These will be highly-skilled green jobs from a business with a strong record in producing high-voltage underground cables.
“The cables and the wind turbines they connect can help reduce emissions as part of the fastest possible just transition for our oil and gas workforce.”
It is understood the factory will be located in the area of the upcoming Cromarty Freeport, possibly at Nigg.
Scottish Secretary Alister Jack visited the area on Thursday.
The Highlands project is part of the £17.7 billion package of Japanese investment in the UK being outlined during Rishi Sunak’s visit to the country.
Sumitomo is also investing around £4 billion in wind farm projects off the coast of Suffolk and Norfolk.
The Prime Minister said: “These new investments are a massive vote of confidence in the UK’s dynamic economy, from some of Japan’s top firms.
“Working with the Government and British industry, they will create the kind of high-quality, reliable jobs and transformative local investment we are delivering around the country.
“It’s great to also see leading UK businesses seizing the huge opportunities for growth and collaboration in Japan.”
The UK Government said very few companies have the ability to manufacture undersea high-voltage cables and the investment will be “vital” to energy security.
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