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)

Related UK National News Stories
Click here for the latest headlines.

24 September 2008
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
15 July 2003
Two charged over 'human catapult' death
Two men have been charged with manslaughter over a tragic 'human catapult' stunt which killed a 19-year-old student last year. Kostadin Yankov, a Bulgarian who was studying at Oxford University, died on November 24 whilst taking part in a human catapult event at Middlemoor Water Park, Woolavington, Bridgwater.
22 February 2011
Energy Forum Marks Milestone In Efforts
Speaking at the International Energy Forum (IEF) ministerial meeting in Saudi Arabia today, UK Energy Minister Charles Hendry highlighted the importance of international efforts to stabilise the cost of energy sources.
04 August 2011
Economic Impact Of Low Carbon Transition Explored
Business Secretary Vince Cable today saw a renewable energy device that can save the energy industry over £600 million in reduced capital costs cutting carbon emissions by 37 million tonnes by 2020.
25 November 2013
RBS Report Handed To City Regulator
A report on the Royal Bank of Scotland and its dealing with small business has been handed over to the City regulator. It is claimed that the bank deliberately put "good and viable" businesses into default so it could make more profit.