Monobase Wind has applied for a subsidy to help fund the development of the MSPAR floating wind foundation technology towards full-scale demonstration. In April, 2023 Monobase Wind was awarded a subsidy from the Dutch province of North Holland. The subsidy program aims to advance innovations in the renewable (energy) sector and support SME companies from the region. To contribute to sustainable, innovative and entrepreneurial economic development in the region and beyond.
Furthermore, this subsidy program specifically requires projects to be executed in cooperation with multiple partners. The consortium that has been formed to develop the MSPAR technology suits these criteria well.
The consortium will use these funds to obtain Approval In Principle by DNV GL of the MSPAR technology and aims to complete this project by the end of 2023. The successful completion of this project will serve as a stepping-stone towards full-scale demonstration of the MSPAR technology.