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General Electric to invest in UK’s offshore wind sector

Global infrastructure, finance and media company General Electric have announced an investment of €340million across Europe in the offshore wind sector. A third of this is planned for a UK based manufacturing facility. The investment is expected to create 1900 jobs, and comes on the back of the Government’s £60million Budget pledge for ports servicing the growing UK offshore sector.

The move has been welcomed by the UK’s leading renewable energy trade association, RenewableUK. Dr. Gordon Edge, RenewableUK Director of Economics and Markets, said: “Towards the end of 2009 we have started seeing the first signs of a manufacturing rebirth around the UK’s offshore wind energy sector. Now that all Round 3 sites have been taken up and the potential scale of offshore developments stands at over 40 gigawatts, there is a palpable sense of opportunity. Renewable UK has long maintained that strong and co-ordinated Government support for the UK to become the leading global centre of expertise for offshore wind energy can result in thriving manufacturing clusters and 57,000 jobs by 2020.”

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