Two funds launched to support UK offshore cost-cutting

UK: A competition to access up to £10 million of offshore research and development funding was launched today by the Department of Energy and Climate Change (DECC).

The funding, to be focused on technologies that can cut the cost of offshore wind, chiefly comprises £7 million from the third round of the component technologies development and demonstration scheme, jointly run by DECC and the government's arm's length investor the Technology Strategy Board (TSB).

DECC and TSB expect to help fund between 5 and 10 projects in the latest round of the scheme. Previous winners under the first round include David Brown Gear Systems, which was awarded £1.2million to help develop its 7MW offshore wind turbine gearbox.

Winners in the second round are due to be announced soon and applications for the third round must be made by noon on 16 January 2013.

From today, interested organisations can also apply for a share of £3 million for the development of technical feasibility studies in the offshore wind innovation arena.

This funding can be used to explore new ideas currently in the early stages of research and applications are encouraged from a range of sectors including those such as aerospace and oil and gas where the adaptation of existing technologies for the offshore wind sector could help cut costs in the future. Applications must be submitted to the TSB before noon on 16 January 2013.