Siemens Gamesa looks to cut offshore wind foundation costs by 30%

The turbine maker is targeting up to a 30 percent cost reduction.

Siemens Gamesa is aiming to cut the cost of offshore wind foundations by up to 30 percent as part of a project unveiled this month. 

The turbine maker said it is working with Aalborg University of Copenhagen, Denmark on a five-year offshore wind cost-reduction project called Integrated Implementation of Industrial Innovations for Offshore Wind Cost Reduction, or i4Offshore, which is being funded by the European Union to the tune of €20 million (USD $23 million). 

Original article by Jason Deign.
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