11 Jun '13, 11pm

Scotland beefs up subsidies for floating wind turbines

Plans to slash the cost of offshore wind energy to £100 per MWh through the use of innovative new technologies, such as floating turbines, will receive a major boost today with the announcement of new subsidies and specially targeted new leasing programme. Scottish Energy Minister Fergus Ewing will today confirm that developers of floating offshore wind pilot projects will be eligible for a new level of subsidy under the Scottish Renewable Obligation Certificate (ROC) scheme of 3.5 Renewable Obligation Certificates (ROCs) per Mwh, which will be 1.5ROCs higher than that currently received by offshore wind farms. FURTHER READING Offshore wind sector warns jobs dream could slip away Europe must cut emissions 55 per cent by 2030 to tackle carbon credit glut Meanwhile, developers testing new fixed technology at designated test and demonstration sites will receive 2.5 tradeable ...

Full article: http://www.businessgreen.com/bg/news/2274222/scotland-bee...

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