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    RenewableUK welcomes £60m innovation funding for floating offshore wind


    January 25, 2022 - Contify Energy News

     

      Jan. 25 -- RenewableUK issued the following news release:

      RenewableUK is welcoming new funding announced today for innovation to support the development of floating offshore wind technology. Joint funding by Government and industry of over £61m will target research and development of key components needed to install floating turbines, which can be deployed in deeper waters with higher wind speeds.

      The UK is the largest market in the world for floating offshore wind, and just last week over 15GW of new floating offshore wind farms were awarded seabed leases in Scottish waters by the Crown Estate Scotland.

      Already the UK is home to the world’s largest floating offshore wind farm, the 50MW Kincardine project. In the upcoming auction for new renewable energy capacity, the Government has set aside a dedicated budget of £24m to support new floating wind projects.

      Commenting on the announcement, RenewableUK’s CEO Dan McGrail said:

      “Today’s announcement will help the UK to develop floating wind technology faster and bring down costs for consumers. The UK is currently the biggest market in the world for this cutting-edge technology and other countries are following our lead. Investing in innovation is vital to build up a UK supply chain that can meet the needs of our domestic market and seize the global opportunities that floating wind offers”.

      Notes:

      1. RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and access markets to export all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.

      2. For detail of today's funding announcement see the BEIS website(https://www.gov.uk/government/news/60-million-boost-for-floating-offshore-wind)

      3. For more detail on the Crown Estate Scotland’s ScotWind leasing round click here(https://www.crownestatescotland.com/news/scotwind-offshore-wind-leasing-delivers-major-boost-to-scotlands-net-zero-aspirations)

      Source: RenewableUK

      [Category: Energy, New/ Renewable Energy]

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