Supported by the European Regional Development Fund (ERDF), the initiative is aimed at stimulating interest and boosting the delivery of large-scale low-carbon infrastructure projects in Scotland.
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The fund will provide financial support of up to £20 million per project where this represents no more than 50% of the total capital value of the scheme.
Economy Secretary Keith Brown said the Government is "committed to growing Scotland's low carbon economy, creating jobs and delivering on climate change ambitions".
"The estimated market value of sales in Scotland's low carbon and renewable sector in 2013/14 was £5.6 billion, with around 8,000 businesses employing 21,500 people," he said.
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(LM/CD)
