Offshore wind project wins funding from ZIP

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An offshore wind research project is one of 77 environmental energy R&D projects to win money from Germany's 2001-2003 future investment program, known as ZIP. About EUR 15.3 million will be available for the construction, installation and operation of three research platforms. Team leader Projektträger Jülich has commissioned classification company Germanischer Lloyd to organise the tender procedure for general contractor, monitoring and measurement equipment and operation of the platforms. The environment ministry has also entrusted Jülich with EUR 2.56 million for buying monitoring hardware and co-ordination of the research. ZIP was set up in September 2000 to administer DEM 5 billion arising indirectly from the auction of so-called UMTS mobile phone frequencies. The auction raised DEM 100 billion which was used to reduce the national debt, in turn reducing annual interest payments by about DEM 5 billion. While most of this saving goes to rail and road transport, research was allocated DEM 0.6 billion a year.

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