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Investment for floating offshore wind

Source: IEA/IRENA Renewables Policies Database
Last updated: 25 March 2022

More than GBP 60 million in public and private funding will be invested in floating offshore wind projects to develop new technologies that will allow turbines to be placed in the most windy areas along the UK's coastline. More than GBP 31 million is funded by the government and more than GBP 30 million is funded by industry. The cash boost will further research and development in floating offshore wind with projects across the United Kingdom. The research will focus on areas such as how turbines are moored to the seabed, undersea cabling, and developing foundation solutions.

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