On Friday of last week, Lindoe Offshore Renewables Center (LORC) formally got under way with its ambition to maintain Denmark's leading position in the offshore energy production sector and concentrate the country's cutting edge competences in wind and wave power in one place, reports financial daily newspaper Børsen.
Chaired by Poul Nyrup Rasmussen, Denmark's Prime Minister from 1993 to 2001, LORC's board of directors is packed with heavyweights from Danish industry, including Mærsk Mc-Kinney Møller's right hand man Lars-Erik Brenøe, DONG Energy CEO Anders Eldrup, Vestas Offshore chief Anders Søe-Jensen, Siemens Wind Power director Andreas Nauen, Skykon chief Jesper Øhlenschlæger and Danfoss chairman Jørgen Mads Clausen.
"Everything is in place, and if the center fulfils its function, it will create hundreds and perhaps even thousands of jobs here in Denmark," says Poul Nyrup Rasmussen, who expects that the center will have an operating budget this year of between DKK 30-50m (USD 5.7-9.6m) and next year up to DKK 100m (USD 19.2m).
LORC will implement innovation, research and testing of technology in the wind power and wave power sectors with a special focus on "cost-saving foundations, effective installation solutions and optimal operation of offshore wind and wave farms". The work will be done in collaboration with Danish universities and the National Laboratory for Sustainable Energy, Risø.