Associated British Ports (ABP) welcomes the decision by the Department of Energy Security and Net Zero to advance the Port Talbot project to the primary list phase of the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).

“ABP is pleased that the U.K. government is supporting the ambitious plan to transform the port of Port Talbot into a major hub for floating offshore wind and green energy development,” says Henrik L. Pedersen, CEO of ABP. “The FLOWMIS award, alongside significant ABP investment of more than £500 million, will begin to unlock a projected £1 billion of investment in Port Talbot and the surrounding area. This will develop a green economic hub supporting and creating nearly 10,000 jobs in South Wales and across the wider U.K. supply chain.”

The proposed hub would see the port transformed into a center for the manufacturing, assembly and integration of floating offshore wind components for projects in the Celtic Sea.