New large-scale floating offshore wind ports and factories are to be built in the UK thanks to government investment, Prime Minister Boris Johnson has announced at the end of October.
Developers and manufacturers looking to invest in this emerging industry will be able to bid for a share of up to £160 million in new funding, to kickstart projects across the UK.
The newly allocated funding will support the target in the Prime Minister’s Ten Point Plan to deliver 1GW of energy through floating offshore wind by 2030 – nearly 9 times more than the current volumes worldwide – as a stepping stone to substantial further growth in the UK of this technology.