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November 1, 2021

UK Government announces funding for floating offshore wind ports

The funding is expected to create jobs and increase the UK's energy generation capacity.

By Umesh Ellichipuram

The UK Government has announced £160m ($218m) of funding to build floating offshore wind ports and factories in Scotland and Wales.

The funding will support Prime Minister Boris Johnson’s ten-point plan to generate 1GW of renewable energy from floating offshore wind farms by 2030.

Manufacturers and developers interested in building the floating offshore wind ports can each bid for a share of the funding.

When combined with private sector investment, the government funding is expected to help develop port infrastructure that can mass-produce floating offshore wind turbines within the UK, reducing the need to import them from overseas.

This infrastructure is expected to create jobs and increase the country’s clean energy generation capacity.

Johnson said: “Offshore wind is a UK success story in forging our Green Industrial Revolution.

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“Tapping into this emerging sector will boost our clean electricity generation even further, creating jobs and green innovation across the whole of the UK.”

At the G20 summit in Italy, the Prime Minister urged major global economies to expedite their efforts to end the use of coal for power generation and transition to renewable energy technologies.

The funding comes after the offshore wind industry secured an almost £1.5bn investment in the UK’s Autumn Budget last week.

UK Business and Energy Secretary Kwasi Kwarteng said: “This investment will help to attract further private sector backing to boost our industrial heartlands.

“It will create and support thousands of good-quality jobs, ensuring they remain at the forefront of the next generation of clean energy as we build back greener.”

In a separate development, India and the UK are reportedly planning to develop a solar grid to connect different countries of the world.

The two nations intend to launch the project, named the Green Grids Initiative, at the COP26 climate talks in Glasgow.

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