The Scottish government has decided to invest £1.5m in offshore wind for the purpose of increasing innovation, reducing costs and encouraging further investments from other organizations and investors.
According to the press release, the Carbon Trust will fund projects in the following three areas.
- Continuing to explore the opportunity that floating offshore wind offers to Scotland
- Encouraging international collaboration on offshore wind developers’ most pressing problems, specifically addressing how developers working in Scottish waters can make offshore wind more efficient
- Sharing knowledge on innovation and cost reduction between partners
Energy Minister Paul Wheelhouse said:
“The Offshore Wind Accelerator (OWA) is a collaborative programme run by the Carbon Trust, which aims to reduce the cost of offshore wind through technological innovation.
“Previous Scottish Government support for the OWA has helped develop new ideas in key areas of importance to companies operating in Scottish waters and I have no doubt this new funding will help firms to continue this important work.
“Only last week, around 350 jobs were announced as a direct result of the construction of the Beatrice Offshore Windfarm, highlighting the massive opportunity offshore wind presents to Scotland and the Scottish economy.
“Innovation in renewables also continues to contribute to the excellent progress we are making on reducing greenhouse gas emissions after the recent announcement that Scotland has exceeded our 2020 target to reduce greenhouse gas emissions by 42% six years early.”
Scotland currently has 197MW of operational offshore wind projects, with 4 GW more in the planning pipeline. The government also has an aggressive plan to meet 100% of its electricity consumption through renewables by 2020.