Tyne Renewable Energy Plant was a proposed biomass power station, to be built on the north bank of the River Tyne at North Shields. The plant was developed by MGT Power, along with their similar project, the Teesport Renewable Energy Plant on Teesside. It was expected to have a generating capacity of 295 megawatts, enough to power around 600,000 homes, meaning it would have been one of the biggest of its kind in Europe. It was originally hoped the plant would be opened in 2014, costing £400 million.