MGT Power has published plans for a £400M biomass power generation project for the north bank of the Tyne.
The proposals for the 295MW Tyne Renewable Energy Plan (Tyne REP) to be built on industrial land owned by the Port of Tyne in North Shields have been welcomed by North Tyneside’s mayor Linda Arkley.
Arkley said the project was another sign of confidence in the region and North Tyneside Council’s commitment to renewable energy and the marine sector along the river.
The developments will offer a well needed boost to the local economy, with the potential for hundreds of jobs to be created.
She said: “Tyne REP would bring substantial benefits to the borough and the wider region, representing an investment of over £400M, the creation of hundreds of construction jobs, future permanent on-site jobs, 300 to 400 indirect jobs and an annual spend of £30M in the local economy.”
The MGT scheme could generate carbon neutral electricity for around 600,000 homes in the North East, from sustainable sources of clean burning woodchip.