Vince Cable, the Business Secretary, has officially launched the Offshore Renewable Energy (ORE) Catapult centre in Glasgow.
The new £50m facility, whose primary aim is to synergise research and commercial development, will be based just outside the city centre, next to the University of Strathclyde. Focusing on tidal, wind and wave powers, it brings together major players in the renewable power industry.
In addition to the expertise from the university, the Carbon Trust, the National Renewable Energy Centre and Ocean Energy Innovation will join forces.
It is a bold statement that shows the attractiveness many new enterprises have in Glasgow. Factoring companies providing facilities for growth are recognising this too, helping other renewable companies to excel in the city.
It is helping to create jobs in the area too, something which Cable is keen to generate with the centre, along with
“billions of pounds for the economy…”
Renewable energy is a sector the coalition government is eager to exploit, recognising the expertise that already exists. The business secretary made their plans very clear at the launch, stating:
“Our offshore renewable sector can compete on a global scale and has huge potential for growth.”
The Principal of the University of Strathclyde was quick to agree too, delighted in the fact that the winning bid for the new centre had been a collaboration:
“By securing the (centre), the country will build on our (global) reputation … and will accelerate industrial innovation.”
With many members of MSP and business leaders agreeing the decision is a good one, success for the operation will get a great deal of support.