The European arm of Mitsubishi Power Systems has announced plans to invest £100m (US$151.6m) in an offshore wind turbine manufacturing facility in the UK.
The three-phase project, designed to produce turbines for the next generation offshore wind farms in the UK, includes the onshore and offshore assembly of Mitsubishi's 6MW second generation technology.
The second phase will involve creating a UK-based Mitsubishi offshore wind centre for advanced technology to develop third-generation offshore wind technology, the company said.
The third phase will focus on designing and developing large composite offshore wind turbine blades and associated production techniques.
The project will be supported by government grants worth £30m (US$45.5m) from a £950m (US$1.4bn) fund created to invest in industrial innovation, job creation and growth, according to the British Government.
The agreement forms part of an MoU (Memorandum of Understanding) with the UK Government.