Firms pledge to invest in Britain's wind energy sector

25th October 2010, Comments 0 comments

Several firms, including Japan's Mitsubishi and Spain's Gamesa, on Monday pledged major investments in Britain's offshore wind sector, as London promised funding to help push the plans forward.

British Prime Minister David Cameron said the government would provide up to 60 million pounds (94 million dollars, 67 million euros) to upgrade the country's ports and so help with the development of offshore wind farms.

The investment could help to create 70,000 jobs, the premier told the Confederation of British Industry (CBI) conference in London.

Gamesa, one of the world's top wind turbine groups announced on Monday it would base the global headquarters for its offshore business in Britain, where it plans to invest up to 150 million euros.

The company forecast that its full range of plans in Britain would create more than 1,000 jobs, with around 800 more generated indirectly at local supplier firms.

A unit of Japan's Misubishi Heavy Industries meanwhile confirmed it was pressing ahead with an investment worth up to 100 million pounds in a research and development programme in Britain, Dow Jones Newswires reported.

That programme could be followed by an offshore wind turbine facility in Britain, said Peter Clusky, a senior manager at the unit, cited by Dow Jones.

German industrial giant Siemens said on Monday it was on course to finish a wind turbine factory by 2014, which it said represented an investment of 80 million pounds that would create some 700 jobs.

And US conglomerate General Electric said it plans to invest 100 million pounds in Britain's wind energy sector, according to Dow Jones.

The move would create up to 1,900 jobs in GE and indirectly, said Dow Jones.

© 2010 AFP

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