The government pledged to invest 拢10m to develop the next generation of offshore wind technology.

An overhaul in the government's renewables support policy means that sea-based renewable technologies will receive more funding during the research stages to encourage their development.

The new regime comes into force 1 April, part of the government鈥檚 Renewable Obligation (RO) scheme.

Mike O鈥橞rien, minister for the department of energy and climate change (DECC) told industry leaders that renewable energy was a weapon 鈥渢o secure energy supplies鈥nd tackle climate change鈥.

O鈥橞rian claimed that the government had determined to meet its challenging renewable energy targets in spite of the economic slowdown.

EU Member States must generate 20% of all their energy from renewable sources by 2020