Thousands of jobs could be created with a £ 21 billion plan to build wind farms in the North Atlantic – including a £ 200 million cable factory in the northeast.

The ambitious scheme outlined by London-based Hecate Independent Power (HIP) would see both fixed and floating wind farms set up in the North Atlantic to provide electricity to homes and businesses across the UK.

Submarine cables would be needed to transmit energy from wind farms, some of which would be close to the Icelandic coast, to the UK.

HIP says it wants to build a cable manufacturing plant in a northeastern port, although an exact location has not yet been released for the port.

The recent granting of freeport status to the Tees Valley would suggest that the Teesside locations may pioneer the program. But the Port of Tyne and Port of Blyth have developed significant expertise in offshore energy and can provide access to the skills the business will need.

HIP wants its first turbines to come on stream when the UK’s last coal-fired power plants cease to operate in 2025. He says the wind farm locations will mean they can supply electricity when other sites off the coast of the UK will be charred.

The company says its initial plans will result in 15,000 new jobs being created in the UK, although it did not say how many of them will be in the cable factory in the North East.

HIP Chairman Sir Tony Baldry – former Minister of Environment and Energy in Conservative governments of the 1980s – said: “HIP Atlantic responds to the Prime Minister’s vision of attracting investment and creation of jobs in the north of England as part of this country’s ambitious policy Britain is the world leader in offshore wind energy.

“We will be expanding the UK-operated wind generation area outside of our traditional territorial waters, pushing the boundaries of existing cable technology to generate over 1,000km from our networked landing points across the board. England.

Prime Minister Boris Johnson recently spoke of wanting to make the UK ‘the Saudi Arabia of the wind’, overturning earlier opposition to wind power in light of huge progress in the number of homes powered by wind turbines.

The North East has significant expertise in offshore energy, although different parts of the region compete with each other and with other parts of the UK to reap the benefits of the likely renewable energy boom.

Two years ago, a company called Atlantic SuperConnection also announced plans for a cable factory on a northeastern coastal area, which it said would provide a link between Iceland and the UK to transport l renewable energy from thermal waters.