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Mitsubishi pumps £100 million into wind research
 Scotland is set to benefit from a £100 million investment by Mitsubishi which is pumping cash into a new wind research and development centre.
Scottish Development International has announced that Japanese industrial giant is to invest the £100 million into a new centre for advanced technology in Edinburgh which will aim to carry out “game-changing” R&D into offshore wind turbine technologies.
Up to 200 jobs are expected to be created at the new centre over the next five years and at Artemis Intelligence Power (MPSE) which is being acquired by Mitsubishi Power Systems Europe as part of the same expansion strategy.
Akio Fukui, chief executive of MPSE said the new centre will help Scotland and the UK become key suppliers in the offshore wind supply chain sector.
He pointed that the decision to develop the R&D centre underlines a historic technology between Japan and Scotland, after one Scotsman, Thomas Glover, helped create Mitsubishi Heavy Industries in the 1800s in Japan. “The first Japanese naval vessel was built in Aberdeen in the late 1800s in Scotland, and now the first game changing offshore wind turbine will be built here too,” Fukui said.
“With a commitment from Mitsubishi Power Systems Europe to invest up to 100 million Pounds Sterling over the next five years, and the potential to develop Scotland's supply chain in this sector, this is fantastic news for Scotland's existing offshore wind businesses to benefit from a major player locating in Scotland,” declared Ann MacColl, who currently acting as chief executive of Scottish Development International. Advertisement
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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