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.

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.

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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.