Britain to launch $220 mln fund to boost floating wind power industry – Reuters

Britain to launch $220 mln fund to boost floating wind power industry – Reuters

LONDON, Oct 29 (Reuters) - Britain will launch a 160 million pound ($220 million) fund to help developers of floating offshore wind technology as part of efforts to ramp up renewable power and meet climate targets, the government said on Friday.

The announcement comes as Britain seeks to boost its green credentials before hosting the United Nations' COP 26 climate summit in Glasgow from Sunday.

“Floating offshore wind is key to unlocking the spectacular wind energy resource we enjoy in the UK, particularly in the deep waters around the coasts of Scotland and Wales,” energy minister Kwasi Kwarteng said in a statement.