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The Low Carbon Economy Ltd

26 Feb 2010 12:02:04

£100m foreign boost to UK wind power industry

£100m foreign boost to UK wind power industry
The wind power industry received another boost this week, as Mitsubishi Power Systems Europe signalled plans to invest up to £100 million in an offshore wind turbine project in the UK.

It signed a non-binding memorandum of understanding with the government this week, which has pledged grants of up to £30 million for the project.

A Mitsubishi Offshore Wind Centre for Advanced Technology is proposed for the three-phase project, which could generate around 1,500 jobs in the future.

The move advances plans for the UK to grab the lion's share of the burgeoning wind power industry. It was reported this week by Business Green that studies in the US found that the country's onshore wind capacity had developed three-fold since 1993.

Lord Mandelson, the business secretary, said: "Mitsubishi's investment in wind turbine R&D and the creation of 200 highly skilled jobs is great news for our future plans in low carbon, high technology industries.

The UK is now well placed to manufacture the turbines needed for the
next generation of offshore wind farms. We will continue to work with Mitsubishi to secure production in the UK."



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