Government backs Smulders and SeAH Wind on UK yards – Reuters
The UK government is providing financial support for new offshore wind turbine manufacturing investments announced by SeAH Wind and Smulders Projects UK.
SeAH Wind will receive a grant for a new monopile foundation plant at Able Marine Energy Park on the Humber, creating up to 750 direct jobs by 2030.
A UK subsidiary of SeAH Steel Holdings, SeAH Wind has pledged to invest a total of Â£ 260million over the next three years and will be the sole supplier of monopiles in the country.
The start of manufacturing operations is expected in 2023 to reach some 240,000 tonnes in order to meet the strong increase in global demand for monopiles.
Smulders Projects UK will receive funding for a Â£ 70million investment in new equipment and infrastructure to enable the manufacture of transition parts for offshore wind turbines at its existing site in Wallsend, Newcastle, creating and sustaining up to 325 direct jobs .
Government support will come from the Â£ 160million Offshore Wind Manufacturing Investment Support Program, which will support private investment by the two companies.
London did not disclose the specific amounts awarded.
The program was announced by the Prime Minister last year as part of his ten-point plan to build factories that will develop components for next-generation wind turbines.
In addition to significantly strengthening the UK offshore wind manufacturing base, factories are expected to supply critical components for offshore wind farms across the UK – as well as for export around the world.
The Offshore Wind Manufacturing Investment Support program is designed to support the completion of manufacturing investments in the offshore wind supply chain.
It provides grants for major investments in the manufacture of strategically important offshore wind components, from turbine blades to submarine cables.
Business and Energy Secretary Kwasi Kwarteng said: âWind is one of the UK’s greatest natural assets and we are a world leader in offshore wind energy.
âWith the largest installed capacity of offshore wind in the world, we are determined to develop and maintain a strong, world-class manufacturing base so that UK businesses and our workforce can fully reap the economic benefits that ‘brings a windy island nation.
âToday’s investments will not only boost the UK’s industrial heartland, creating and sustaining thousands of good quality jobs, it will also benefit Britain as a whole. that we are working to establish more manufacturers, attract foreign investment and increase export opportunities. “
Investment Minister Gerry Grimstone added: âThe UK is well established as having the greatest offshore wind capacity of any country on the planet.
âThese investments highlight how we are building a manufacturing base that reflects our position as a global leader in this key technology and the attractiveness of the UK clean energy sector to international investors.
“British workers will build the next generation of wind turbines that will not only help us meet our own climate change commitments, but will also be exported and can power countries around the world in a cleaner, greener future.”
Joosung Lee, COO of SeAH Steel Holdings Corporation, said: âBased on the active support and confidence of the UK government, it is significant to SeAH that investment in the monopile plant is in full swing.
âAs the sole supplier of monopiles to the UK offshore wind supply chain, we are already expecting promising results from trade negotiations with our UK and EU customers.
âWe also plan to aggressively target the US and Asian offshore wind infrastructure market with the successful UK business model. “