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Ex-yards are in line for 3,000 jobs.

Europe Intelligence Wire

| November 01, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Journal)

Byline: Sam Wood

MORE than 3,000 new jobs could be created on the Tyne, thanks to massive investment to bring green industries to the region.

Two former shipyards - Amec's old Wallsend site, known as Hadrian Yard, and the Neptune Shipyard - could be transformed into sites which produce wind turbines and other renewable energy machines.

Marine company Shepherd Offshore has announced that it has struck a multi-millionpound deal to buy the two former shipyards on the north bank of the River Tyne.

Shepherd Offshore, whose directors include former Newcastle United chairman Freddy Shepherd, will start refurbishing the yards over the next few months in preparation for work to start there next year.

Talks are understood to be under way between the company and several major players in the renewable energy sector about setting up in the North East.

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