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British taxpayers to bail out foreign-owned wind turbine factory

British taxpayers to bail out foreign-owned wind turbine factory

World Maritime
British taxpayers to bail out foreign-owned wind turbine factory

The grant would help the company repurpose the site to develop onshore wind turbines and secure the future of the factory, the government said.

"This will rebuild domestic manufacturing, strengthen energy security and support growth in onshore wind, which is needed to end the UK's dependency on volatile fossil fuel markets," Britain's Department for Energy Security and Net Zero said in a statement.

Vestas Senior Vice President Blades Manufacturing Ken Kaser said the move would, "position the site at the heart of the country's clean energy future."

(Reporting by Susanna Twidale. Editing by Tomasz Janowski, Baird Maritime)

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