Floating offshore wind projects set to receive more than £60m public and private investment
Floating offshore wind projects will receive more than £60m in public and private investment to develop new technologies that will enable turbines to be located in the windiest parts around the UK’s coastline.
The UK government is today announcing 11 successful projects that will each be awarded up to £10m as it puts forward £31.6m to boost the amount of clean renewable energy generated in the country. In addition to this, industry will match the investment bringing the total to over £60m – driving green energy investment and levelling up parts of the country including in Aberdeen, Swansea and Yorkshire.
The cash boost will further research and development in floating offshore wind with projects across the United Kingdom set to receive funding that will accelerate the deployment of turbines in seas around the UK. Research will focus on areas such as how turbines are moored to the seabed, undersea cabling and developing foundation solutions.
The UK is already home to the world’s largest deployment of offshore wind, however floating turbines, which can be deployed in deeper waters than conventional turbines, will boost energy capacity even further by allowing wind farms to be situated in new areas around the UK coastline where wind strengths are at their highest and most productive.
With global gas prices at record highs, the UK is determined to strengthen energy security further by deploying home-grown renewable technologies to reduce our dependency on volatile fossil fuels.
Energy Minister Greg Hands said: “We are already a world leader in offshore wind and floating technology is key to unlocking the full potential of the seas around Britain. These innovative projects will help us expand renewable energy further and faster across the UK and help to reduce our exposure volatile global gas prices.”