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Financial Times: First new energy grants offered

By Ed Crooks
Published: December 18 2007 02:00 | Last updated: December 18 2007 02:00

The Energy Technologies Institute, the new public private partnership for backing research into new energy sources, has made its first offers of grants for projects in offshore wind, wave and tidal power. The ETI is collaborating with the Carbon Trust, the government-backed company that promotes low carbon technologies, to provide £40m to back ideas for cutting costs in offshore wind power.

Britain has the potential to develop a big offshore wind generation industry, that would avoid the problems of local resistance to onshore wind farms, but the business is hampered by its relatively high costs.

John Hutton, the business secretary, last week suggested a target of 33,000MW from offshore wind by 2020, an objective the industry association described as “extremely ambitious”.

The ETI and the Carbon Trust are calling for ideas by February 19, and want to get projects up and running by mid 2008. The ETI is backed by companies including BP, Royal Dutch Shell and Rolls-Royce.

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