Siemens to build wind plant off British coast- report

Related Topics

LONDON, March 29 | Sun Mar 28, 2010 9:47pm EDT

LONDON, March 29 (Reuters) - Siemens (SIEGn.DE) is set to unveil plans to invest more than 75 million pounds ($111.3 million) in a wind turbine plant off the coast of Britain, the Guardian reported on Monday, citing unnamed sources.

The German conglomerate said last year it would invest tens of millions of euros building an offshore wind turbine assembly plant in the North Sea region and had considered sites in Germany and Denmark, as well as Britain. [ID:nLE79286]

The paper said the firm had agreed a deal with senior government officials to locate a plant off the east coast of Britain, creating about 700 jobs.

No one at Siemens UK could immediately be reached for comment.

Last week, the British government laid out plans for a one billion pound green investment bank, to help finance investment in low carbon power, including wind farms. (Reporting by Caroline Copley; Editing by Marguerita Choy)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.