Green Power Surge: £923m Cable Plant Could Supercharge North East Economy

National World - LocalTV

A £923 million proposal for a high-voltage cable factory at the Port of Tyne could bring over 1,500 jobs and place the North East at the forefront of the UK’s clean energy transition.

Transcript

00:00LS Eco Advanced Cables Limited has launched a five-week public consultation on their proposals

00:06to develop a high-voltage cable production facility here at the Port of Tyne for undersea electricity

00:13transmission designed to transport clean energy generated by offshore wind onto UK shores.

00:19While plans are at an early stage and still being finalised, total investment is expected to be

00:24approximately £923 million which would put the North East at the heart of the UK's clean energy

00:30transition. Firstly, it's really exciting for the Port of Tyne to announce plans to build a cable

00:36manufacturing. It's something that we've been working on for a few years now. It's a billion

00:41pounds investment again right behind us at the facility here but actually for us this is about

00:49jobs, 500 direct jobs at the Port of Tyne and thousands in the supply chain and that's what

00:56the Port of Tyne is all about. It's about attracting opportunity and being part of the Green Revolution.

01:01From a business perspective, this is something wider. This is about being a catalyst for further

01:06investment into the port and into the other ports in the region and into the region itself. We're all

01:12about attracting opportunities, generational opportunities and this really signifies that.

01:18This is the start of something new. It really puts us at the heart of the Green Industrial Revolution

01:25and we think this will be one of a number of opportunities to come to the Port.

01:32The consultation will run until the 18th of June and provide an opportunity for local communities,

01:37businesses and organisations to give their feedback on the proposed development before the final planning

01:43application is made to South Tyneside Council later this year.

01:48Well for us we know we can be the home of the Green Energy Revolution. There is nobody with better

01:53access to the North Sea particularly for offshore wind and we already are doing a whole host of things

01:58in the supply chain from the research and development right through to servicing of the offshore wind industry.

02:03This massive cable manufacturing facility will create 500 direct jobs, another 1000 in the supply chain

02:10and also give us a new string to our bow when it comes to delivering that green energy future for our region.

02:15So it's brilliant news for us. This is the future. This is not something that we can consign to politics.

02:22It's not a choice as to whether we transition. We will run out of fossil fuels and oil and gas has been a really

02:27important part of industry here on Tyneside and will continue to be through that transition.

02:32But for businesses like this, you know, they're thinking about the future, they're thinking about what

02:37investments they want to make and they're thinking about the fact that now we need great clean energy

02:42and offshore wind and this is, you know, absolutely here to enable that. Making the cables here on Tyneside

02:48that bring the electricity from those wind turbines onto shore, help us to secure energy security in Britain

02:55and also create brilliant jobs for the young people growing up here.

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