SIEMENS DOUBLES DOWN ON UK OCEAN WIND W/$264MIL FACTORY

Siemens doubles investment plan for UK wind turbine factory

Karolin Schaps and Jane Baird, March 25, 2014 (Reuters)

“German engineering group Siemens said it had doubled the money it plans to invest in building an offshore wind turbine factory and an installation facility in Britain to 160 million pounds ($263.8 million)…Associated British Ports, its partner in the Green Port Hull installation part of the project, will spend another 150 million pounds…The companies expect the two sites to create jobs for up to 1,000 people…[T]he world's top offshore wind turbine maker will start producing nacelles, the engines that power wind farms, and its largest model of offshore wind turbines at 6 megawatts (MW) each, now made in Demark, [in mid-2016] at a new manufacturing plant…Britain wants to defend its spot at the top of the world's offshore wind ranking by supporting the construction of new wind farms through a guaranteed electricity price mechanism…” click here for more

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