Ministers warned on subsidy risk to offshore wind power projects

18 February 2018 – Ministers have been warned that the UK risks forfeiting leadership of a promising new form of offshore wind power because of a withdrawal of subsidies which threatens to leave projects without funding. At least two proposed floating wind farms off Scotland will not go ahead, industry leaders said, unless a subsidy scheme due for expiry in October is extended. Several of the world’s largest offshore wind farms are already in operation or under construction around the UK but these all involve conventional turbine towers fixed to the seabed. Industry leaders say a bigger long-term opportunity exists in floating turbines, anchored to the seabed by cables, which can be deployed in deeper and windier waters further offshore. Read the full article on the Financial Times website.