First Minister Alex Salmond is set to announce the launch of a ?103m fund for Scottish renewable energy projects.
The Renewable Energy Investment Fund (REIF) aims to attract more private investment to the sector.
Its initial priorities include wave and tidal energy and renewable district heating.
The fund is being set up following a deal between the UK Treasury and the Scottish government over the release of funds from the fossil fuel levy.
The levy was introduced in Scotland in 1996 in order to raise money from traditional energy sources to invest in renewable power.
The new fund aims to complement existing public and private sector finance schemes available in Scotland, providing loan guarantees and equity finance alongside co-investment partners.
'Vital catalyst'REIF will be delivered by the Scottish Investment Bank on behalf of the Scottish government and its enterprise agencies, with the first deals expected to be completed by the end of the financial year.
Niall Stuart, chief executive of trade body Scottish Renewables, said: "This ?103m fund will inject much-needed investment into the development of the next generation of renewable technologies, such as marine energy and renewable heat.
"This kind of support can be a vital catalyst in attracting even greater levels of private investment."
He added: "Scotland is already at the forefront of developing and testing emerging wave and tidal technologies and, with the correct level of government support, we can become a global centre of excellence in both the deployment of these technologies and their accompanying supply chains."
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