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Siemens doubles investment into wind turbine factory to £160m

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Siemens investment in a new wind turbine factory in Hull is to increase to £160 million, double the original amount.

The site will be expanded over 2 areas the Green Port Hull project construction, assembly and service facility, together with a new rotor blade manufacturing facility in nearby Paull, East Riding.

Another £150 million will be invested in the Green Port Hull, by Siemen’s partner Associated British Ports.

The new development will create  up to 1,000 job opportunities across the two sites.

Siemens said it has chosen to up it’s investment from £80m to £160m due to the UK’s wind-friendly policy framework.

Michael Suess, member of the managing board of Siemens AG and CEO of the Energy Sector, said: “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.

Energy Secretary Ed Davey said  the deal would help keep energy bills down for customers.“We are attracting investment by backing enterprise with better infrastructure and lower taxes. As well as helping to keep the lights on and putting more than 1,000 people in work, this deal means we will help to keep consumer bills down as we invest in home-grown green energy and reduce our reliance on foreign imports.”

 

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