Energy Secretary Ed Davey said: "This deal is excellent news for the people of Hull and the Humber, the UK, the wind industry, and our energy security.
"We are attracting investment by backing enterprise with better infrastructure and lower taxes.
"As well as helping to keep the lights on and putting more than 1,000 people in work, this deal means we will help to keep consumer bills down as we invest in home-grown green energy and reduce our reliance on foreign imports."
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After Roy Hodgson's resignation following England's humiliating exit from Euro 2016, who are the leading contenders to replace him?
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Mr Osborne said he is "not the person to provide the unity my party needs".