UK government commits $58 million for floating wind projects

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LONDON - The British government said on Tuesday it will commit nearly 32 million pounds to fund the development of floating offshore wind projects to help lessen its dependence on gas, the price of

which has increased sharply.

Floating wind farms, which can be deployed in deeper waters than conventional turbines, are an emerging technology with far higher costs than projects fixed to the seabed, but these costs are expected to fall as more projects are brought online. The projects include one by Marine Power Systems in Swansea to develop a floating foundation and integrated wave energy generator and one by Cerulean Winds for a floating foundation system and wind turbine for deployment at an offshore oil and gas facility in the North Sea or West of Shetland.

 

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