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Wind power operator Vattenfall has become the latest investor to join the Carbon Trust's Offshore Wind Accelerator programme. The company has invested £1 million in the project which aims to reduce the costs of offshore wind by 10 per cent by 2015.
Vattenfall said that by collaborating with the likes of Eon and Scottish Power on the project, it could play a key role in achieving renewable energy targets and more reliable and affordable power for British consumers.
Phil de Villiers head of offshore wind at the Carbon Trust said Vattenfall’s investment will help drive down the cost of offshore wind.
He said: “Bringing down the cost of offshore wind is an absolute priority for the industry. We believe that industry collaboration on key innovation projects that offer scope for dramatic cost reduction is the best way to go. We are therefore delighted that Vattenfall has decided to join the OWA and bring their significant experience and commitment to helping solve some of the innovation challenges facing the offshore wind industry.
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