Siemens signed a deal last night with the UK Government in a pledge to invest more than £80 million in the production of an offshore wind turbine factory.
The President of Siemens, Peter Loscher, stated: "With the new wind turbine production plant in the UK we're pushing ahead with our strategy of investments in attractive growth markets for eco-friendly technology.
"In the foreseeable future the wind power market in the UK will be characterized by major offshore projects, and we'll extend our market leadership with the new production plant."
Ed Miliband, the governmental energy secretary commented: "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 currently still considering where the new wind farm shall be built, however at this early stage the north east coast seems a likely location.
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