U.K. Government to Help Fund Offshore Wind Component Factories
- Two companies to get 187 million pounds of government funding
- Energy secretary wants to expand U.K.’s manufacturing base
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The British government will provide grants to SeAH Wind Ltd. and Smulders Projects U.K. to build factories producing components for offshore wind farms.
Britain, the world’s second-biggest offshore wind market after China, is seeking to quadruple its capacity by the end of the decade. The government also wants to bolster its manufacturing base as it seeks to offset the economic fallout from Brexit.