Siemens said the factory would employ 700 people making blades and turbine units for offshore wind farms.
Ministers have instead placed their faith in offshore wind farms, but waterproofing windmills makes them more expensive.
Siemens has said the factory would employ 700 people making blades and turbine units for offshore wind farms.
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Compared to offshore wind farms, tidal energy devices like the turbine trialed in Scotland are completely hidden from view.
It said the funding would help it to build foundations for offshore wind farms at its site in Wallsend.
Interfere with defence: The Ministry of Defence are concerned that offshore wind farms will interfere with coastal radar systems.
Of course the cost of offshore wind farms are higher compared to onshore but will be offset by power output.
National Grid is consulting over proposals to transfer power from offshore wind farms and Wylfa B to the electricity network.
Companies like Google are planning to invest billions in deepwater transmission networks to accomodate offshore wind farms off the East Coast.
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It builds biomass power plants, huge wind turbines for offshore wind farms and, as of today, concentrated solar thermal power plants.
There are already a dozen offshore wind farms, and nine European countries pledged this week to build a giant offshore wind grid.
But that absence of policy undermines hopes for the UK will develop a home-grown industry manufacturing low-carbon systems like offshore wind farms.
This would link offshore wind farms in the Atlantic ocean and the Irish, North and Baltic seas with customers throughout northern Europe.
Offshore Wind Farms are the future energy option to supplement conventional power.
Treasury, he said, was in advanced planning for offshore wind farms to tap into the British and Irish power grids via undersea cables.
In addition, it is calling for new offshore wind farms to be connected to the National Grid using underground cables to existing substations.
Moray Offshore Renewables Ltd wants to construct up to 339 turbines across three offshore wind farms located 22km (13.5 miles) from the Caithness coast.
And it could lead to offshore wind farms eventually being located many miles offshore, away from areas where they cause disruption, Ms Gjorv added.
Moray Offshore Renewables Ltd have applied to construct up to 339 turbines over three offshore wind farms - 22km (13.5 miles) from the Caithness coast.
Statoil's Alexandra Beck Gjorv told the BBC the technology, the Hywind, to be put off Norway's coast - "should help move offshore wind farms out of sight".
The long-term contracts, precise details of which are not included in the bill, aim to reassure prospective investors in nuclear and offshore wind farms, which need huge up-front expenditure.
When completed, the London Array will be one of the world's largest offshore wind farms covering an area of 90 sq m (232 sq km) between Margate and Clacton.
His comments came because of concerns over a report by the independent Committee on Climate Change which suggested ministers should slow down plans to build more offshore wind farms.
Europe has had offshore wind farms since the early 90s, but all of the development has been in shallow waters, unlike the deep waters of the Gulf of Maine.
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Last week, a clutch of European countries launched plans to develop a vast network of offshore wind-farms over an area of about 293, 438 square miles in the North Sea.
This could be possible as there is tremendous potential for economies of scale, both in terms of mass production, which reduces the cost of each turbine, and in terms of the construction and management of vast wind farms offshore where there are few limits on available acreages.
When subsidies for wind energy were first mooted, most wind farms were expected to be built offshore, since there is a lot of wind there and seagulls don't sit on planning committees.
The Chinese government is spending millions of dollars on clean energy initiatives ranging from the construction of charging stations for electric vehicles in several major cities to massive wind farms in Inner Mongolia and offshore in the Pacific Ocean.
Above sea level, the offshore structure has been bolted together with a conventional offshore turbine of the sort used for near-shore wind farms that are bolted to the sea-bed.
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