The U.K.’s offshore wind industry will receive £100 million ($127.5 million) under a new 10-year scheme, the Offshore Wind Industry Council (OWIC) announced on Monday.
The program is expected to support over 650 U.K. companies gain access to the domestic offshore wind market, as well as create further opportunities to enter a global market.
Under the new initiative, the Offshore Wind Growth Partnership, at least 30 gigawatts (GW) of offshore wind projects will be installed by 2030, generating a third of the U.K.’s electricity.
Currently, 8 GW of offshore wind projects are under operation in the U.K.
The program will also enhance the ability of U.K. companies to export products and services around the world and aid companies from other sectors to enter the offshore wind supply chain. Additionally, companies will be supported to develop the next generation of innovative products and services to meet specific industry requirements.
Companies can apply for the scheme at the Global Offshore Wind 2019 conference in London on June 25-26.
The launch of the first pilot is expected in September with further programs starting in early 2020.