May 11, 2021, by Adrijana Buljan Canadian government has awarded funding to several projects that could help reduce greenhouse gas emissions from Newfoundland and Labrador’s offshore oil & gas operations, including a project using floating wind turbines to power oil & gas assets. The project, being developed by floating wind technology developer Saitec and offshore oil & gas engineering company Waterford Energy Services, is aiming to bring forward a ‘plug-and-play’ renewable power option for Mobile Offshore Drilling Units (MODUs) and other offshore or nearshore installations. The funding will be used for the first phase of the project. The second phase will focus on developing a full field demonstration, whereby power will be generated by a floating wind turbine and transmitted to an offshore or nearshore installation.