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Scottish offshore wind prototypes get £35M support fund

Scottish first minister Alex Salmond this morning announced that a new £35M government fund will support the creation of full-scale offshore wind technology prototypes in Scotland.

The Prototype Offshore Wind Energy Renewables Support (Powers) fund will help companies to cover capital and operational costs of developing prototypes, and will be allocated to companies as a series of awards of between £5M and £7M. It is open for applications from across Scotland until March 2013.

“This will support the gap between research and development (R&D) and manufacturing,” Salmond told the Scottish Low Carbon Investment Conference. He claimed Scotland is now the only country that provides support to the renewables sector all the way from R&D and testing through to manufacture and commercialisation of new technology.

Wave and tidal power technology was also identified as a target for development. Salmond said he was confident that Scottish wave and power technology would “move from demonstrator machines toward that substantial commercial development” in the next few years. He announced that wave energy developer Aquamarine Power has secured £7M of new funding to take its Oyster technology to commercialisation in 2014.

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