News story

Leading offshore wind suppliers invest in TAG Energy facility in Teesside

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Leading offshore wind suppliers, EEW SPC of Germany and Bladt Industries of Denmark plan to invest up to £20-£25m in TAG energy, creating up to 350 jobs in the local area.

placeholder

Leading offshore wind suppliers, EEW SPC of Germany and Bladt Industries of Denmark have taken over the TAG Energy facility in Teesside.

They plan to invest up to £20-25m to upgrade the facility into a world class manufacturing base for the offshore wind industry. It’s expected that the facility will create up to 350 direct jobs in the local area, as well as a similar number in the supply chain.

Energy Secretary Ed Davey said:

“It’s great news that renewables manufacturing will create 350 green jobs in Teesside. We’ve been working tirelessly behind the scenes to help secure this investment and it’s more evidence that renewable energy is powering the economic recovery.

“Renewable energy is a vital part of our plans for keeping the lights on, reducing emissions, and creating thousands of green jobs and investment. £45 billion has been invested in the UK’s energy infrastructure since 2010 and the Energy Act will deliver 250,000 new low carbon by 2020.”

Between 2010 and 2013 £6.9 billion was invested in offshore wind and it is estimated that a further £16.2-£21.3 billion will be invested in the offshore wind sector between 2014 and 2020.

Offshore wind powers over two million UK homes and the UK is rated the best place in the world to invest in offshore wind.

Published 21 November 2014