Companies announce offshore wind energy investments

27 Oct 2010
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Companies announce offshore wind energy investments

A pair of major renewable energy companies have both announced large investments in the sector will go ahead in the UK.

Following prime minister David Cameron's announcement this week that the government will spend £60 million on improvements to Britain's ports, Siemens and Gamesa have both confirmed their proposed developments will proceed, after speculation the funding would be cut and the firms would pull out.

Gamesa's renewable energy investment will be used to open a research and development centre for offshore technology, with some of the 150 million euros (£131 million) being spent on a turbine blade manufacturing plant.

Siemens stated that it is to make an investment worth £80 million creating a new wind turbine manufacturing plant in the UK.

More than 2,500 jobs could be created as a result of the plans by the two companies.

"The positive signal from the UK government means we can push ahead with our strategy of investments in growth areas for renewable energy," said Rene Umlauft, chief executive officer of Siemens Renewable Energy Division. 

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