Monday, March 29, 2010

Siemens Investing $120 Million in UK Offshore Wind Production Facilities

The British Government today welcomed Siemens plans to invest $120 million (£80 million) in the UK for offshore wind production facilities, following the Government’s Budget announcement of $90 million (£60M) for a competition to develop manufacturing and assembly sites  sites for the offshore wind industry.

The announcement demonstrates that the UK is the world’s top destination for offshore wind energy investment. Strategic industrial intervention by the Government is unlocking this investment, generating a new industrial sector in the UK that could employ a high skilled workforce of 70,000 by 2020.

Business Secretary Lord Mandelson said: "Siemens are a world leader in wind technology and this is a fantastic endorsement of the UK as a destination for renewable energy businesses. Siemens plans will provide hundreds of manufacturing jobs and many more in the supply chain - confirming the UK as a world leader in offshore wind."

Energy Secretary Ed Miliband said: “This is a vote of confidence from one of the foremost companies in the offshore wind sector, looking to set up a base in the UK. More proof that we’re exploiting the great natural resource that we have and creating the right conditions to attract investment. Siemens’ investment will help create jobs and help us meet our renewable energy targets.”

Siemens is the latest offshore wind manufacturer to announce plans for investment in the UK. Clipper has committed to build the world’s biggest wind turbines employing up to 500 people; Mitsubishi intend to invest up to $134 million (£100 million) in an offshore wind R&D facility, creating up to 200 jobs; and last week GE announced a $148 (€110) million investment which the company believe will create up to 1900 jobs.

Department for Business, Innovation & Skills
The Department for Business, Innovation and Skills (BIS) is building a dynamic and competitive UK economy by: creating the conditions for business success; promoting innovation, enterprise and science; and giving everyone the skills and opportunities to succeed. To achieve this it will foster world-class universities and promote an open global economy. BIS - Investing in our future.

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