Osbit power to develop new offshore wind tech - 16/04/2012
Green energy manufacturing firm Osbit Power will look to develop new offshore wind energy technologies after receiving a government grant to help fund the project.
The Department of Energy and Climate Change has awarded the firm £615,000 to boost its operations in this area, which may help offer consumers cheap electricity from renewable sources in the years to come.
Energy and climate change minister Greg Barker said: "The coalition is determined to drive ambitious green growth and this is putting our money where our mouth is."
He added making wind turbines more efficient will help bring the cost of the technology down, making them more attractive investments for companies and enable the UK to increase its use of green power sources.
Last month, Centrica confirmed it will be forming a joint venture with Dong energy for the development of new offshore wind farms in the Irish Sea.
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