Teesside energy facility snapped up

Two offshore wind suppliers have taken over the TAG Energy facility in Teesside, it has been announced. Germany’s EEW SPC and Bladt Industries from Denmark plan to invest up to […]

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By Priyanka Shrestha

Two offshore wind suppliers have taken over the TAG Energy facility in Teesside, it has been announced.

Germany’s EEW SPC and Bladt Industries from Denmark plan to invest up to £25 million to upgrade the facility into a manufacturing base for the offshore wind industry.

Last month TAG announced it was seeking buyers for the business after it was forced to close its Haverton Hill site following a slump in orders.

The project is expected up to 350 direct jobs in the local area.

Energy Secretary Ed Davey welcomed the news.

He said: “We’ve been working tirelessly behind the scenes to help secure this investment and it’s more evident that renewable energy is powering the economic recovery.”

He added around £45 billion has been invested in the UK’s energy infrastructure since 2010.