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Mitsubishi wind centre jobs boost for Tyneside
Published: 2010-02-26 09:44:53
Hundreds of jobs could be coming to the North East with the creation of a £100 million wind turbine research centre. (Sourced from the Journal.)
Mitsubishi Power Systems Europe has signed a memorandum of understanding with the government to invest the cash in research and development into green energy.
That happened a week after American giant Clipper revealed it was moving into a factory in Walker Riverside, in Newcastle's East End.
Mitsubishi is yet to finalise exactly where it will locate its research and development base, but regeneration chiefs see the North East as the ideal location due to the region's current expertise in this area and the existence of huge swathes of vacant industrial land, particularly along the banks of the Tyne. And the Prime Minister is said to be of the same opinion, having described the North East as "leading the world" in the growing renewable energy sector.
Lord Mandelson signed the memorandum of understanding with Mitsubishi, along with climate change secretary Ed Miliband, both of whom spent the end of last week in the region.
Mitsubishi chief executive Akio Fukui said the firm will build a prototype wind turbine within three years and that full-scale production will start after four years.
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