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Vattenfall to finalise Peel Ports agreement by summer

By: Matthew White 03/05/2018 Vattenfall

General Ports

In 2017 Vattenfall signed a Memorandum of Understanding (MoU) with Peel Ports Great Yarmouth for a base of operations for the energy group in the East Anglian facility.

They are approaching a final agreement that will cement a 25-year minimum residence in the port. Vattenfall say its to locate there could trigger more investments in Norfolk, and potentially lead to thousands of jobs created.

Ruari Lean, Vattenfall’s Project Manager for Norfolk Vanguard offshore wind farm, said: “We are making substantial progress with Peel Ports on an agreement to locate our operations base at the Great Yarmouth facility. If we build both wind farms, we expect to employ up to 150 skilled, local technicians to maintain our projects for a minimum of 25-years. But what we think is really exciting is that we know that a potential multi-billion-pound investment in our wind farms would encourage the supply chain to cluster around us and other operators off East Anglia. So, we want to work with other economic interests like EEEGR and Norfolk Chamber of Commerce to capture that benefit for the area and establish Norfolk as a world leading hub for offshore wind power.”

Richard Goffin, Port Director Peel Ports Great Yarmouth, said: “Vattenfall’s intent to locate their operations base at Great Yarmouth is testament to the Port’s influential position in the wider offshore energy arena, which is complemented by a supportive County and Borough Council. This agreement will leverage Great Yarmouth’s position as the East of England’s most successful offshore energy hub and attract further investment in the existing world-class supply chain, bringing a host of employment and economic growth opportunities to the region.”

Chief Executive of Great Yarmouth-based 3sun Group, Graham Hacon, said: “This investment would be a beacon to encourage companies to relocate or set up here, growing a world-class hub for a long-term industry. Investment like this will bring employment, prosperity and aspiration for the wider area for decades to come"

Both Vattenfall and Peel Ports expect to finalise their agreement by summer 2018.

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Vattenfall to finalise Peel Ports agreement by summer

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