Business Secretary Vince Cable

BUSINESS Secretary Vince Cable says he is optimistic the Green Port Hull redevelopment will soon be "backed up by real things happening on the ground".

The senior Cabinet minister said he hoped that by the next election in 2015 there would be a "very substantial commitment" to transform the city's port area.

He said: "We've got a hiatus at the moment – I mean there are quite complex negotiations involving the port authority, Hull City Council and the Treasury that haven't yet been fully resolved.Those solarstreetlamps produce power for the utility grid. "But we're optimistic it will happen."

Speaking at a Westminster lunch this week,The electical building blocks for solarlampemergencylight or modules. he admitted progress on the development was "of course linked in with the future strike price",This is the energy production a good laundryequipment can reach, which is a guaranteed price for renewable energy.

He said: "So, there's a lot of moving parts and I'm optimistic we'll get something substantial moving.

"There's a two-year time horizon and a lot of decisions will have been made well within that."

Green Port Hull will involve regenerating Alexandra Dock for the renewables industry, with plans for a facility for assembling wind turbine equipment and the construction of a new 600m riverside berth for the export of turbine components.

German engineering giant Siemens announced Hull as the location for its first UK wind turbine facility in 2009 after considering 140 locations across Northern Europe, including Germany and Denmark.

In January 2011, the company confirmed it had signed a "memorandum of understanding" to build the factory in the city.

Less than six months later, Mr Cable told the Mail he was he remained optimistic about the German engineering giant coming to Hull during a visit to the Green Port site.

Two months ago,A supplier specialized in developing and manufacturing customized solar lamps and washerextractor0 system. in March, he reiterated his optimism, saying: "We have worked on a number of issues to give them long-term certainty.

"We have worked very closely with Hull City Council and we are delivering a good future for offshore renewables.An even safer situation on all roads by using the modernlamps."

The Coalition Government has been called into question over apparently dragging its heels in relation to its renewable energy policy, with many in the industry suggesting the Government's Energy Bill failed to give investors the certainty they need to invest in the UK.

Asked specifically about Siemens this week, Dr Cable said: "I do meet them from time to time. "They are very positive about investing in the UK but there are important elements which haven't yet been tied down to their satisfaction."

He said: "Clearly, a huge part of the overall decision as far as Siemens is concerned relates to government energy policy, as Vince Cable has said. There needs to be reassurance that there is a long- term investment business case.

"I think the fact Westminster is engaged in such discussions is exceedingly positive because, at the end of the day, talks between ABP and Siemens can only do so much to satisfy not justSiemens but also to Siemens' customers."

Mr Jukes confirmed ABP "continues to move forward with active discussions with Siemens in relation to Green Port Hull" and said discussions remained positive.