View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 21, 2019

UK-China offshore wind research centre opens in China

The TUS-ORE Catapult Research Centre (TORC), a new UK-China offshore wind research centre has been opened in Yantai City, China.

The TUS-ORE Catapult Research Centre (TORC) has been opened in Yantai City, China. Built with an investment of £2m ($2.6m), TORC will serve as a renewable energy technology research and development centre to support the growth of offshore wind industries of the two countries.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

TORC is a joint venture company established by UK’s ORE Catapult Development Services and China’s TUS Wind Technology and TUS Mingshi Science and Innovation.

ORE Catapult chief executive Andrew Jamieson said: “Our new Research Centre, in partnership with TUS, will support UK businesses as they take advantage of a new wave of opportunities to engage with one of the fastest-growing offshore wind markets in the world, and present a fantastic opportunity to develop a supply chain that can compete on a global scale.

“With more than a decade of experience and expertise in this sector, and global exports expected to be worth £2.6bn a year by 2030 for UK companies, now is the time for innovative companies to act and establish themselves at the heart of the Chinese market.”

“Now is the time for innovative companies to act and establish themselves at the heart of the Chinese market.”

The new centre will be engaged in the development of collaborative research programmes as well as support market entry and incubation for the UK-based companies in China.

Apart from offering commercial support to the Chinese offshore wind developers, it will also support the demonstration of new technologies on a 300MW windfarm, which is located in Shandong Province.

TUS Clean Energy senior vice-president Charlie Du said: “The TUS-ORE Catapult Research Centre is an important project established under ‘The Belt and Road’ initiative.

“China’s ocean economy is increasing by 7.2% per year and the province of Shandong’s abundant resources has been enlisted by the State Council as a ‘comprehensive test area for new and old kinetic energy conversion’.”

The Chinese government is planning to invest $100bn in the wind power projects by 2020 and also aims to install 5GW of offshore wind in the South China Sea, with plans to further increase this capacity to 10GW.

By 2030 China is expected to become the world’s largest offshore wind market.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology