25/03/2014

Siemens To Invest £160m In Wind Turbine Production

Siemens has announced its decision to invest £160 million (EUR190m) in wind turbine production and installation facilities in Yorkshire.

The revised plan will be spread across two sites comprising the previously announced Green Port Hull project construction, assembly and service facility and a new rotor blade manufacturing facility in nearby Paull, in East Riding. Siemens is investing £160 million across the two locations and its port partner Associated British Ports (ABP) is investing a further £150 million in the Green Port Hull development. The investment will provide a huge boost to the UK's offshore wind industry and the Humber region. The combined investments of £310 million will create up to 1,000 jobs directly, with additional jobs during construction and indirectly in the supply chain.

Prime Minister David Cameron said: "This is a massive vote of confidence in our long-term economic plan. This investment is going to create lots of new jobs and opportunities, meaning more financial security and peace of mind for families and a more resilient economy for our country."

The Green Port Hull project has been in the making for around four years and is the product of a huge team effort between many national and local political, business and community parties and many people within Siemens in the UK, Denmark and Germany, and ABP.

The investment is a landmark moment for the UK offshore wind industry. It is the first manufacturing plant of its kind for Siemens next generation blade technology (IntegralBlade®) designed for Siemens SWT-6.0-154 6 megawatt (MW) wind turbine. This is leading edge technology - each rotor blade is 75 metres long and when rotating covers an area the size of two and a half football pitches.

"Our decision to construct a production facility for offshore wind turbines in England is part of our global strategy: we invest in markets with reliable conditions that can ensure that factories can work to capacity. The British energy policy creates a favourable framework for the expansion of offshore wind energy. In particular, it recognizes the potential of offshore wind energy within the overall portfolio of energy production," stated Michael Suess, member of the managing board of Siemens AG and CEO of the Energy Sector. "The offshore wind market in Great Britain has high growth rates, with an even greater potential for the future. Wind power capacity has doubled here within two years, to roughly 10 gigawatts. By 2020, a capacity of 14 gigawatts is to be installed at sea alone to combine the country’s environmental objectives with secure power supply. Projects for just over 40 gigawatts are currently in the long-term planning."

(CVS/CD)

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