The partners aim to build a manufacturing facility to be called the Green Port Hull at the Alexandra Dock that would place the city at the centre of the UK’s renewable energy industry.
Under the plans, they will build a £100m deepwater berth at the port and an £100m wind turbine plant on the site.
This will involve construction of a 600m long quay on the River Humber, reclaiming 8 hectares of foreshore and dredging 62m wide and 11m deep berths.
Associated British Ports is breaking the three-year construction programme down into three distinct work packages.
The first, estimated to be worth up to £60m covers the main marine works, another £10m package involves infilling part of the Alexandria Dock, while the final contract, worth around £15m, will cover construction of port pavements including site drainage, services, area lighting and fencing.
Subject to formal approval by Hull Council and marine authorities, which could be in place by next summer, and following public consultations in the new year, the facility could be operational by 2014.
The project is expected to create 300 construction jobs, with the manufacturing and assembly plant eventually employing 700 highly skilled engineering workers.
ABP port director for Hull and Goole Matt Jukes said: “Developing Green Port Hull for Siemens represents a once-in-a-lifetime opportunity for both the Port of Hull and our city to take the leading role in the UK’s green energy revolution.
“Our teams have put in a huge amount of work on the project over the last 12 months and I am exceedingly pleased that we’re now in a position to submit these applications which will see the complete transformation of Alexandra Dock, firmly position Hull as a centre of excellence for renewable energy and generate unparalleled opportunities for the city and region.”