Reactive comment on floating offshore wind innovation funding announcement

Reacting to the UK Government’s £31m floating offshore wind innovation funding announcement, Nick Molho, Executive Director at the Aldersgate Group, said: “Following on from the significant amount of offshore wind projects selected at the ScotWind Leasing round last week [1], today’s announcement is a reminder of how long-term targets and stable policy support can accelerate innovation across the renewables industry. Building on the jobs already created by the offshore wind sector in areas such as Hull, the Solent and Scotland, the geographic spread of the projects receiving innovation funding today highlights that the renewables sector – and low carbon industries more broadly – can drive investment and job creation in multiple parts of the country and be a key part of the levelling up agenda.”