Offshore wind sector buoyed by funding for floating wind farm

BusinessGreen: Principle Power's plans to commercialise its innovative floating offshore wind farm technology received a major boost yesterday, when it became one of three companies to take home a share of a £2.3m government funding pot. The Department of Energy and Climate Change (DECC) yesterday confirmed the winners of the second round of its Offshore Wind Component Technologies Development and Demonstration scheme, and also launched a £4m call for entries to a further round. Teeside-based Principle Power...

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