The investment will enhance the port's marine access, infrastructure, and vessel assets, creating up to 50 new green jobs.
Forth Ports' bespoke facilities at Leith and Dundee will play a crucial role in the development and construction of the Inch Cape project.
Visiting the Port of Leith today, 12 December, Deputy First Minister, Kate Forbes, said: "Investment in key sectors such as Scotland's ports can reap rewards. This is why the Scottish Budget commits £150 million to the offshore wind infrastructure and supply – to attract private investment such as this announcement from Forth Ports.
"Supported by Forth Green Freeport incentives, the Leith Renewables Hub will bring well-paid green jobs and ensure Scotland is best placed to develop a world leading renewables sector while progressing to net zero.
"The Scottish Government's Green Industrial Strategy identifies how we can work better, smarter and quicker to create an investor-friendly environment and seize the many opportunities for green growth which lie ahead. This is a great example of how this has been achieved."
Today's Leith announcement follows a decade of private investment, during which time Forth Ports has created the land, quayside and skills capacity, which has not previously existed in Scotland, to deliver very large offshore wind contracts.
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Stuart Wallace, Chief Executive Officer, Forth Ports said: "Inch Cape represents a very significant milestone for Forth Ports as it is the largest offshore wind contract ever to be awarded to our business. When it goes live, Inch Cape will have a significant impact on Scotland's energy transition as the country drives to achieve net zero carbon emissions.
"Our strategy is to create and build the renewables hubs ahead of market demand and we have achieved this in Dundee and Leith. Coupled with other specialist facilities delivered by Forth Projects, this creates an unrivalled prime position for Forth Ports to deliver large offshore wind projects.
"We have a clear vision and today we commit to investing a further £50million in Leith, from our own resources, to support Inch Cape and future renewables projects."
David Webster, Commercial Director at Forth Ports, said: "Today's announcement is a gamechanger for Forth Ports and the Scottish offshore wind market. We have created world class renewables hubs in Dundee and Leith and solved the challenge of local content by locating at ports near the construction sites, creating high quality local green jobs and local supply chains while securing work for future generations."
Forth Projects – Forth Ports' in-house logistics division – will handle Inch Cape's monopile and jacket foundations at the Port of Leith. The specialist pre-assembly and marshalling of the wind farm's 72 turbines – comprising 72 nacelles, 216 blades and 72 towers – will be undertaken by Vestas in the Port of Dundee (Dundee was previously announced as a hub for Inch Cape in 2022).
John Hill, Inch Cape Project Director, said: "Through our substantial contract with Forth Ports, Inch Cape is pleased to be the catalyst for a major infrastructure investment that will not only benefit our own project but also those Scottish projects that are to follow. The utilisation of these two east coast ports – Leith and Dundee – for our offshore construction, will also facilitate significant opportunities with our Tier 1 contractors for the wider Scottish supply chain."
Leith and Dundee were chosen after a competitive selection process due to their proximity to the project site off the Angus coast, coupled with the first-class storage and assembly capacity and purpose-built offshore renewables quayside facilities.
The £50 million investment is the second phase of delivery of the vision behind the 175-acre Leith Renewables Hub which also forms part of one of the strategically located tax sites within the Forth Green Freeport.
Once completed in 2027, Inch Cape – one of Scotland's largest offshore wind farms – will generate enough green energy to power half of Scotland's homes. It will feature state-of-the-art Vestas 15 megawatt (MW) turbines, the tallest ever deployed in Scottish waters at a height of 274m (20m taller than Arthur's Seat in Edinburgh) and a new onshore substation now under construction on the brownfield site of the former Cockenzie Power Station, East Lothian.
