19 January 2011

Offshore wind leaders join forces to cut cost of energy

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Scottish and Southern Energy signs deal with offshore wind supply chain firms, as Narec targets high net worth individuals

SSE today announced it had signed a Memorandum of Understanding with Siemens' wind turbine and grid connection companies, Burntisland Fabrications, Atkins, and subsea construction company Subsea 7, as part of a project designed to substantially reduce the cost of delivering power from its offshore wind farms.

The companies will now work together over the next few months to agree the formal commercial arrangements before starting work on the initiative.

Details of the technologies the group will work on remain sketchy, but they have confirmed that they plan to operate from Glasgow's Centre of Engineering Excellence for Renewable Energy, which was established by SSE and the University of Strathclyde.

The news comes after Narec and financial advisers Ashberg last week launched a joint venture designed to reduce the level of risk associated with investing in renewable energy projects and help secure fresh investment for the sector from wealthy families.

(BusinessGreen)

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