Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.K. Crown Estate to Lease Offshore Sites for Wind-Power Testing

June 12 (Bloomberg) -- The U.K.’s Crown Estate, owner of the country’s seabed, will lease sites to offshore wind testing and demonstration projects to lure investment in the industry.

The program will include a leasing round for floating offshore wind technology, non-grid connected projects and variations to existing projects, the estate, which generates income for Queen Elizabeth II, said today in an e-mailed statement. It aims to increase market confidence and encourage investment, it said.

“To unlock sustained growth in offshore wind we have to demonstrate that technological advancements can drive down costs,” Martin Simpson, head of new energy and technology at the Crown Estate, said in the statement. Technologies including turbines, foundations and cables will be tested, he said.

The U.K. is the world’s largest offshore wind market, with as much as 73 percent of new capacity last year being installed in Britain, according to the European Wind Energy Association. It has a near 60 percent share of the European Union’s installed capacity. The government is aiming for 18 gigawatts of capacity by 2020.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.