Shepherd Offshore has entered into a partnership with North Tyneside Council to pursue redevelopment of the Swan Hunter Shipyard for the offshore wind sector.
Shepherd Offshore stated that it believes the site has a key role to play in supporting a transformative national industrial strategy for the energy sector in the UK.
The former shipyard is located on the North Bank of the River Tyne, with access roads, two quays, two river berths, a wet berth facility and vacant former office buildings.
The aim of the development of the Swan Hunter site is to attract investors and stakeholders, such as offshore wind companies, that can bring both value to the site and wider community.