By Renewable Energy Focus staff
Business Secretary Vince Cable has launched a competition to for an Offshore Renewable Energy technology and innovation centre focusing on wind, wave and tidal power, as the Government aims to spend over £200m over the next four years to establish a network of at least 6 centres.
Cable says: “In creating an offshore renewable energy technology and innovation centre we are taking the next step to transforming the UK into a low-carbon economy. There is a clear opportunity for the Government to support the UK’s offshore industry and this centre will be of great benefit to the sector and the economy.”
The Government will also invest £20m in two clean technology funds: Zouk Cleantech 2 and HG Capital Renewable Power Partners 2 as part of the £325m UK Innovation Investment Fund (UKIIF).
The funds will support companies working on:
- Alternative energy generation;
- Renewable energy infrastructure including wind farms;
- Energy efficiency; and
- Water treatment and conservation.