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Follow on Google News | CIG: Siemens to build $120 million UK wind turbine plant.Following hot on the heels of GE’s announcement comes the news that Siemens too will establish a UK wind turbine factory.
By: CIG LLC This latest project is the third major announcement in the past month for the UK’S burgeoning wind industry with Mitsubishi announcing that it plans to invest almost $150 million in a wind turbine research and development project and GE confirming more recently that it is to invest $148.2 million into building a UK wind turbine manufacturing plant. Siemens is expected to verify that the new project will create 700 direct jobs and a further 1,500 jobs across the wind energy supply chain. CIG believes that reports indicate that sources close to the firm have confirmed that a deal has been struck “at the highest possible level of government”, with the new factory likely to be situated on the UK’s east coast. "Siemens are a world leader in wind technology and this is a fantastic endorsement of the UK as a destination for renewable energy businesses," # # # CIG is an exclusive, members only, offshore, private equity, investment firm that provides consulting services to like minded members of the private equity and alternative investment community. End
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