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Mitsubishi to invest £100m in UK wind turbine research

Mitsubishi Power Systems Europe (MPSE) is investing £100m in offshore wind turbine research in Britain and will create up to 200 jobs by 2014. The plan is one of several boosts to Britain’s wind industry in recent weeks, raising hopes that the UK manufacturing sector will cash in on the rapid expansion needed to meet green targets. The MPSE research and development (R&D) programme is supported by £30m of government grants, from a £950m fund created to invest in industrial innovation, job creation and growth. Although the plan is initially for research only, it puts Britain in a strong position to compete for future MPSE manufacturing investment, with the potential for another 1,500 jobs, according to the Government. Image: lacoastpost.com. More…

News selected by Covalence | Country: Global | Company — Ethical Quote link: Mitsubishi Corporation | Source:  The Independent

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