A £310million investment in new production sites for wind turbines will result in 1,000 new jobs being created on and near the Humber estuary in East Yorkshire and the city of Hull.
The main factory will form a major part of what's being called the Green Port development in Hull, and will produce 75 metre-long rotor blades for manufacturer Siemens' latest generation of six megawatt turbines.
The decision to invest in this new production facility had been taken partly because Siemens was sure it would offer "reliable conditions that can ensure factories can work to capacity," according to Michael Suess, CEO of the German firm's energy division.
"British energy policy creates a favourable framework for the expansion of offshore wind energy. In particular, it recognises the potential of offshore wind energy within the overall portfolio of energy production," he added.
Alongside Siemens' announcement, Associated British Ports, which owns the Green Port's transit facilities, has also said it will pump a further £150 million into developing the site.