Siemens Gamesa Renewable Energy S.A. and Aalborg University in Denmark have partnered to conduct a European Union-funded research and development project to reduce offshore wind power costs.
Officially called the "Integrated Implementation of Industrial Innovations for Offshore Wind Cost Reduction," or i4Offshore, the project will receive a €20 million grant from the EU over a five-year period to demonstrate and test new technologies, with the aim of reducing the levelized cost of offshore wind power and finding solutions that will help decrease customer energy bills compared to other power sources.
There are 15 project partners companies involved, according to a Dec. 14 release.
The partners include: Universal Foundation A/S, Bladt Industries A/S, Per Aarsleff Holding A/S, MAERSK Broker K/S, Deugro Danmark A/S, Technical University of Denmark, Salzgitter AG, nkt cables GmbH & Co. KG, Windar Renovables SL, Dr.techn.Olav Olsen a.s., Fred. Olsen Windcarrier AS, SINTEF Ocean and Bureau Veritas Marine & Offshore SA.
Siemens Gamesa is a subsidiary of Siemens Aktiengesellschaft.