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Offshore money

Up to £10 million will be made available to develop the next generation of offshore wind technology.

Energy and Climate Change Minister Mike O'Brien will today speak at an event that aims to bring together renewable industry leaders and the ports industry.

Mr O'Brien will say: "Renewable energy is a weapon in our armoury to secure future energy supplies, reduce our reliance on foreign imports, and help tackle climate change.

"That's why we're taking the right long term decisions to encourage the massive investment in renewables that we need to see. This includes changing the planning laws, increased financial support, and ensuring sufficient access to the grid.

"This week's ramping up of financial backing in favour of technologies such as offshore wind is evidence of our determination to create the right investment environment for renewables. And the funding being made available in the next few months will put the UK ahead of the game for the next generation of offshore technologies.

"I know that right around the world, companies, including energy firms, are facing difficult   times. We are therefore actively examining how we can help make sure there is sufficient finance and other support available for viable projects which are short of the investment they need.

"Taken together, these measures should leave investors in no doubt of the UK's commitment to renewable energy."

Away at sea

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