The Port of Tyne is looking to tap the renewable energy sector's growth and is focusing its business strategy accordingly. It is planning to develop infrastructure and facilities for the growing bio-energy and offshore wind markets.
Among plans announced today is an extension of its main Riverside Quay at Tyne Dock. Plans for the development of offshore engineering facilities are also under consideration.
A large site within the North East LEP Enterprise Zone, on the north bank of the river Tyne, is being marketed for offshore wind manufacturing. The port says it is "in advanced discussions" with potential partners. Last year, the port was one of several thought to be under consideration by Areva, which may build a turbine production faciility in the UK.
With its asset base and geographical location, the Port of Tyne is well placed to meet offshore wind's growing requirements. Five of the UK's Round 3 zones lie to the east, south-east or north: Dogger Bank, Hornsea, East Anglia, Firth of Forth and Moray Firth.
"It is in renewable energy where we see the next major area of growth for us," said Andrew Moffat, the Port of Tyne’s chief executive officer. "These are very significant plans, which are imperative for both the sustainability of the port and the future delivery of the government’s carbon reduction targets."