The Good Growth Programme has boosted clean energy in Cornwall with a £4.5 million investment in five key projects.
It is set to accelerate Cornwall's pursuit of becoming a hub for floating offshore wind (FLOW) generation in the Celtic Sea.
Other investments include £2 million towards future green skills and a £973,000 study to assess opportunities at Falmouth Docks.
Council leader Linda Taylor said: "We are committed to a sustainable future and to Cornwall’s net zero journey which is why we are making targeted Good Growth investments in high value and high growth sectors.
"Floating Offshore Wind has the potential to be a once in a generation opportunity for Cornwall in terms of supply chain, renewable energy, job opportunities and economic growth."
With the formation of the Cornwall FLOW Commission last November, FLOW is seen as integral to the UK’s decarbonisation plan.
Floating turbine platforms will be positioned in the Celtic Sea between Cornwall, Pembrokeshire and Ireland.
The Crown Estate estimates that the first 4.5GW of FLOW will be deployed by 2035 - enough electricity to power more than three million homes.
Supporting the construction and operation of Celtic Sea FLOW could bring significant economic benefits for the region and foster the creation of thousands of jobs.
The resultant energy could play a significant role in decarbonising existing industries by providing clean, green electricity, especially at a lower cost.
The Good Growth Programme's announced investment will primarily be used to support five key projects to develop and put in place the infrastructure for FLOW.
These include a £3.2m project to refurbish Penzance Dry Dock, a £1.26m project for The Cornwall FLOW Commission (CFC), and a £932,859 investment into a £1.33 million project to develop a cutting-edge manufacturing facility for TUGDOCK.
Other projects consist of a £1m project to create quayside laydown facilities for the Floating Offshore Wind sector, commonly known as Falmouth Port Development, and a feasibility study into the potential development of the Celtic Offshore Mooring and Anchoring R&D Centre (COMAC) led by the University of Plymouth.
For more information about the Good Growth Programme, visit the Good Growth website: ciosgoodgrowth.com/.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel