09/02/2012

Cable Targets Green Growth

The location of a new £50 million centre that will accelerate the commercialisation of green technologies was announced by the Business Secretary Vince Cable today.

The Offshore Renewable Energy Catapult will be headquartered at the University of Strathclyde in Glasgow with a second base at the National Renewable Energy Centre (Narec) in the North East of England.

The national centre will focus on technologies for offshore wind, wave and tidal power and is designed to bridge the gap between university research and full commercialisation. It will have a UK wide remit, and build strong links with centres of excellence such as Wave Hub and the marine energy park in the South West of England.

Speaking at the launch of the Catapult in Glasgow, Vince Cable said: "Our offshore renewable sector can compete on a global scale and has huge potential for growth. If we can harness that we will generate billions of pounds for the economy whilst creating thousands of job opportunities at the same time.

"The Catapult centre will be based in a Scottish world-class centre of excellence, part of a collaboration with a centre in the North East of England."

(GK)

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