In brief...: Energy plan creates jobs

Jul 4 2008

Ports and property group Forth Ports has unveiled a renewable energy joint venture with Scottish and Southern Energy that will create up to 200 jobs.

The initiative, called Forth Energy, will see renewable energy projects developed at Forth Port's sites across England and Wales, starting with a £12m wind energy project at the Port of Tilbury in Essex. Edinburgh-based Forth announced the venture as it gave a bullish update on trading, saying that first half results were set to come in "well ahead" of last year.

The UK's last remaining listed ports operator said its ports business should show strong trading in the first half, while the last six months of the year are set to show even better results in what is traditionally a key trading period.