Bloomberg News

U.K. Awards Funds to Three Offshore Wind Technology Developers

April 13, 2012

The U.K. Department of Energy and Climate Change awarded about 2 million pounds ($3 million) to three British companies to help develop technologies that will help to lower the costs of offshore wind power.

NGenTec Ltd. won 782,991 pounds to make magnet generator technology for large offshore turbines, according to a statement on DECC’s website. The equipment will ease the manufacturing process for the turbines and increase reliability.

Osbit Power was given 615,000 pounds to design a system that will enable safe access to sea-based turbines in difficult conditions. OGN North Sea Ltd. received the remaining funds for building foundations for turbines to be installed at water depths of 30 meters (98 feet) or more.

The funds will help it to create as many as 1,000 long-term jobs.

“Making wind turbines more efficient is common sense and will help bring down the costs making them more attractive to build and helping us increase the amount of electricity we get from clean, green sources,” Greg Barker, energy and climate change minister, said in a statement released by OGN.

The U.K. is aiming for 15 percent of its energy to come from renewable sources by 2020. It’s planning to build 18 gigawatts of offshore wind by 2020 from about 2 gigawatts now.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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