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<p>The Government set an ambitious target of 1GW of floating offshore wind by 2030
last year as part of the wider 40GW by 2030 offshore wind target, and is committed
to ensuring the UK captures the economic benefits of deploying such technology.</p><p>
</p><p>We are committed to developing a strong supply chain for floating offshore
wind in parallel with growing deployment and are working with industry and other stakeholders
on this.</p><p> </p><p>Floating offshore wind projects will be eligible to bid in
the next Contract for Difference (CfD) allocation round, which will open in December
2021. Our approach to the next CfD allocation round will provide the foundation for
investment in a sustainable, competitive UK based supply chain from which we will
learn to help plan our future approach and the feasible scale of ramp up of deployment,
building on the success of fixed bottom wind, which has this year delivered supply
chain investments in blades, monopiles and transition pieces, creating and safeguarding
over 1,800 direct jobs by 2030.</p>
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