Wind Power: Capital Investment

(asked on 6th February 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made with Cabinet colleagues of the effectiveness of Government incentives for companies to invest in Offshore wind innovation.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 10th February 2023

The Government is supporting research and development in offshore wind technology via the Net Zero Innovation Programme (NZIP), which will provide £60 million of funding for technologies including floating offshore wind and radar mitigation. Each of these programmes includes an element of matched funding from the private sector. The effectiveness of these programmes will be considered as part of the wider benefits evaluation work of the NZIP.

The Government also awarded £3.12 million to the innovative ERM-Dolphin project in 2020, which will develop a floating wind farm to produce green hydrogen at scale with a target capacity of 4GW by 2032.

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