According to the BBC, the site near Immingham could become a base for building turbines for North Sea wind farms.
Developer Able UK's proposals also include the development of biomass energy generation.
The Hartlepool-based company says up to 27,000 jobs would be created if its plans were given the go-ahead.
An application is expected to be filed with the Infrastructure Planning Commission next year.
Able UK executive chairman Peter Stephenson told the BBC: "It is an opportunity to provide all the facilities required for the manufacture, commissioning and installation base for offshore wind turbines within close proximity to the massive wind farms which will be developed in the North Sea."
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