Newspaper article The Journal (Newcastle, England)

TAG Aiming to Lead Way

Newspaper article The Journal (Newcastle, England)

TAG Aiming to Lead Way

Article excerpt

TAG Energy Solutions has embarked on the creation of the UK's first offshore windmill tubular foundation production plant on the banks of the River Tees.

Construction of the pounds 20m facility has started following the necessary funding being secured by TAG Energy Solutions from investors Platina Partners and Environmental Technologies Fund (ETF). The new plant is expected to be online next spring.

The company is developing an automated tubular production facility for the rolling and welding of large diameter tubulars and the construction of subsea foundations for offshore windmills.

David Eason, chairman of TAG Energy Solutions, said: "Renewable energy is creating exciting opportunities for UK industry and we are playing a central role in boosting efforts to increase manufacturing capability for the offshore wind sector. TAG Energy Solutions is perfectly placed to create a world-class manufacturing facility serving the renewable energy sector.

"With direct access to the North Sea through our riverside location, we have a geographical advantage over international competitors, which will ensure the UK, and the North East, is at the heart of this new energy market. The creation of this facility will be a huge boost for the North East and job opportunities in the region."

Sam Goss, senior investment manager at Platina Partners, said: "TAG Energy Solutions is able to deliver a significant opportunity to support the renaissance of manufacturing in the region and provide a long-term stimulus to the regional and national economies."

TAG, which has also raised a proportion of the finance as well as securing grants from the Department for Energy and Climate Change and One North East, has also placed the order for the specialist equipment required to manufacture the windmill components. …

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