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NaREC to Lead World in Wind Energy Development Leading-edge R&D Campus Attractive to N.A. Companies
NaREC announced today that it will spearhead an aggressive initiative for developing sustainable and renewable energy by building the world’s largest wind energy research and development facilities.
NaREC’s progressive proposition also includes the world’s largest blade testing facility which will be capable of testing wind turbine blades up to 100m in length, and full-scale on-and off-shore demonstration sites to support both developers of larger wind turbines and its associated supply chain. Engineering teams, manufacturers and operators will have the opportunity to utilize all of NaREC’s facilities and resident team of wind technology specialists.
These plans are synergistic with the UK government’s ambitious efforts to generate 15% of the country’s electricity from renewable resources by 2020. Furthermore, NaREC answers the global demand for sufficient renewable energy applications that can reduce the impact of greenhouse gas emissions.
Leading-edge R&D, a smart workforce, a willing market and the right infrastructure have made North England home to a dynamic energy sector. NaREC is part of this dynamic sector and one of five centers of excellence.
Wind Energy Market and the US
The wind energy market continues to achieve tremendous growth rates. According to the Global Wind Energy Council, the wind energy market will grow by over 155% to reach 240GW of total installed capacity by 2012. The offshore wind energy market is growing faster than the onshore segment. Offshore development will lend new momentum to growth in this market signifying the importance of development of mega-turbines, large scale resources and investments. “Installed wind capacity worldwide is growing by 20GW year on year,” states Stephen Wilson, Director of Wind Energy at NaREC, “and by 2050, projections indicate a worldwide demand greater than 1000GW. The industry now needs to make rapid step changes in turbine technology, increasing capacity and improving reliability, to ensure that supply meets with such demands.”
In the U.S, where the current electricity mix consists of about 50% coal, 20% nuclear, 20% natural gas, 6% hydropower, with the rest generated from oil and non-hydro renewables, the fate of a key federal incentive, the PTC (production tax credit), a major impetus for wind power R&D and installation, is set to expire at the end of this year. Although wind power is the fastest growing renewable energy sector in the US, a lapse in renewing the PTC could mean investments in wind energy projects could drop as much as 93%. Other obstacles to an increased deployment in the US include the lag in regional and interregional planning, and scarcity of access to technology and talent.
NaREC and North American Companies
North American companies now have their sights set on the North East region of England which has a fertile heritage of large-scale engineering, power generation technology, and a highly skilled workforce, to further their wind energy R&D endeavors. NaREC, which is already supporting wind turbine manufacturers around the world in the testing and development of their next generation wind turbines, has become instrumental in assisting North American companies remain leading-edge by securing attractive financial packages, access offices, as well as development, testing and assembly facilities. Case in point: California energy giant Clipper Windpower, Inc. (www.clipperwind.com)
Adds Ian Stewart, Vice President, “The benefits of the north east region to the renewables agenda is clear. The NaREC initiative has already proven to be a preferential conduit to the European market, and with complete access to top talent in engineering, research and manufacturing, ongoing supportive incentives, and our proposed platform, our partners will be able to meet the growing demands of supply.”
NaREC is currently exhibiting at the Windpower 2008 Conference and Exhibition in Houston at booth 2949 in the UK Pavilion.
The New and Renewable Energy Centre (NaREC) was established in 2002 as a Centre for Excellence for new and renewable energy technologies. The company was incorporated in February 2003 as a knowledge-based services organisation. Based in Blyth, Northumberland, NaREC is working to enable the move towards a low carbon economy on a National and International scale by assisting the development and market growth of new energy technologies. NaREC is one of the five centres of excellence set up by the North East's regional development agency, One NorthEast.
NaREC encompasses a range of research, testing and development facilities across the spectrum of energy industries. A specialised team of technical and engineering consultants with a wide range of practical experience work to support the
development and testing facilities at NaREC, helping to bridge the gap between innovation and realisation. NaREC's unique world-class facilities offer testing and development of large wind turbine blades, marine renewables, offshore and subsea equipment, micro-renewables and high voltage electrical equipment. NaREC also has facilities and consultancy expertise for the development and integration of large and small-scale renewables into the energy mix including assistance with small scale embedded generation and power systems analysis. To learn more about NaREC, please visit http://www.narec.co.uk
About North of England Inward Investment Agency
The North England Inward Investment Agency is a British Government-funded consultancy and UK-based inward investment agency whose role is to advise and assist North American companies considering UK/European expansion. Our services are free and confidential and include the provision of information on a wide range of important issues such as: market feasibility studies, business plan support, site selection, potential procurement of financial assistance/public grants, taxation issues, work-force training and recruitment, supply chain opportunities, skills availability, labor costs and regulations, market data, links and collaborations with Universities, introductions to key professional services and regulation advice. For more information, please visit http://www.northengland.com