Both parties will now work together to develop plans for the construction of a new Siemens offshore wind-turbine manufacturing and export facility at the port.
Matt Jukes, port director for Hull & Goole, said: ‘Siemens is the leading offshore wind turbine and grid connections supplier in the UK, and this will be a significant development.
‘Today’s announcement is the first very significant step on the ladder to delivery and ABP, Hull City Council and the other stakeholders will now need to push on with obtaining the necessary consents and approvals that are needed to move this project forward.
‘The real reward for the city will be when we are able to announce that we are about to start building the facility.’
PMI falls as manufacturers feel the squeeze
17 months or two and a half years - which is it?