Orkney, Shetland and the Western Isles are to benefit from government investment over 10 years.
Over 10 years, the Islands Growth Deal will invest in 16 projects and programmes built around the themes of "low carbon, supporting growth and future industries and thriving sustainable communities".
He added: "This £50m Scottish government investment will support the transition to renewable energy sources - including equipping the workforce with new skills - and trial emissions reduction initiatives on islands.
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