12.06.13
OWIO to support wind energy projects
The Government is to set up a new Offshore Wind Investment Organisation (OWIO), business and energy minister Michael Fallon has announced.
OWIO will be a joint venture between industry and government, and Fallon is due to set out more details at Renewable UK's Offshore Wind 2013 conference in Manchester.
Fallon also highlighted £2m of support for three wind innovation projects: £540,000 to Power Cable Services for underwater electricity cable technology; £769,600 for Aquasium Technology for more cost-effective manufacturing techniques; and £728,355 for Wind Technologies to design and manufacture a new type of turbine drive mechanism.
He said: “Offshore wind is a major success story for the UK, and we want to boost levels of inward investment. We already have more installed offshore wind than anywhere else in the world, and this brings enormous economic benefit to our shores, supporting thousands of skilled jobs.”
Tell us what you think – have your say below, or email us directly at [email protected]