BURCOTE Wind expects to have to secure more than £1 billion of investment to develop its renewable energy portfolio.

The Dunfermline company is planning 10 wind farms across Scotland and hopes the first tranche may be operating by 2015.

Around 110 permanent engineering and maintenance jobs could be created with 475 construction jobs supported in the building phase.

Over the next 18 months Burcote will put in planning applications for sites at Meikleton in Aberdeenshire, Creggan in Argyll and Bute, and two separate developments in Dumfries and Galloway.

The sites are typically more than 50 megawatts (MW) and require between 17 and 25 turbines.

The locations of its six other wind farms are still under wraps as they are at the early stages of appraisal.

Although Burcote will take the sites through the planning process it will then seek partners to secure the investment needed for the building and operational phases.

Chairman Graham Brown told The Herald more than 120 potential Scottish sites had been considered.

He said: "It is very much an open discussion on potential partners as we see a number of players in the market.

"There are the utilities and financial players which people are aware of, but there are also other large companies getting into the market who want to establish their own generating capacity.

"In many ways we are taking the big risk in taking the sites forward.

"If things come out the planning process positively you can look forward to the financing and building which is easier as it is all defined and you know what the costs are."

If approved, the projects could produce around 2.6 million megawatt hours each year which would provide energy for 554,000 homes.

Burcote is also looking at establishing community benefit funds at each location which would provide training opportunities.

Mr Brown confirmed the business was not worried about the prospect of Scottish independence.

He added: "Whatever Scotland decides, we remain confident the country's future economic success lies in supporting a vibrant renewable energy industry."

Niall Stuart, chief executive of Scottish Renewables, said: "This is another fantastic example of a homegrown company bringing much needed jobs and investment to Scotland through developing renewable energy projects.

"Burcote Wind will make a valuable contribution to local economies throughout the country while ensuring we take the necessary steps towards meeting the ambitious 2020 renewable energy targets."