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MHI Vestas investment could create 1,100 new jobs
With the arrival of a new blade mould at the company’s Isle of Wight factory, offshore wind turbine manufacturer MHI Vestas, are set to support and create 1,100 new jobs and millions in economic benefits.
The arrival of the mould signals a chief milestone in the company’s manufacturing expansion efforts, which promises to add 1,100 new jobs – direct, indirect, and induced – and £42 million per year in added economic benefit to the Solent region once the second mould is fully operational.
The company are now underway to begin production as early as January 2019.
Minister for Energy and Clean Growth, Claire Perry, said, “The UK is the global home of offshore wind, housing the world’s largest offshore wind farm, with over 6% of our home-grown electricity coming from clean wind power. This Offshore Wind Week, MHI Vestas is contributing to this success story, creating hundreds of new skilled jobs and driving regional growth with £42 million of additional economic benefit expected. As part of our modern Industrial Strategy we’re putting the finishing touches to our Offshore Wind Sector Deal to create the right business conditions to export this expertise around the world to ensure this sector goes from strength to strength.”
Offshore wind has become one of the UK’s biggest growth industries thanks in part to companies like MHI Vestas which continues to invest heavily as it establishes a world-class manufacturing centre in the South and keeps pace with surging demand.
MHI Vestas VP of Blades, Bo Jensen, added: “This expansion effort is one of the most ambitious blade initiatives we have ever undertaken. “In close cooperation with the Isle of Wight Council, Isle of Wight College and Solent Local Enterprise Partnership, our training and certification programs are paving the way for the next generation of offshore wind specialists. This development of green energy manufacturing skills will not only benefit MHI Vestas but will also serve to elevate the regional composites industry as well.”
MHI Vestas UK Country Manager, Julian Brown, concluded: “Among all the uncertainty these days, it’s quite a remarkable image: a massive blade mould comes into the UK with hundreds of new employees readying themselves for years of serial production. It’s offshore wind at its finest, actually – large-scale manufacturing, sustainable jobs, considerable economic benefit to local communities, and a green energy source driving the UK toward a carbon-free future.”
An economic impact analysis conducted by BVG Associates has concluded that, in addition to the 380 new direct jobs at the Isle of Wight blade factory and paint and logistics facility at Fawley, an additional 720 indirect and induced jobs will be added as a result of the company’s expansion effort. The same analysis concluded that the total economic impact would be £42 million additional value-add per year to the regional economy when the second mould is fully operational.
The company’s announcement comes as the UK kicks off its annual Offshore Wind Week, highlighting the industry’s accomplishments and expected future impact. Notably, the sector is poised to grow exponentially as the UK expects to get a third of its electricity from offshore wind by 2030, putting offshore wind in position to be the backbone of a clean, reliable, affordable energy system.