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Monday, 12 September 2022

The UAE’s Lamprell is helping to harness that Scottish wind

Lamprell inks USD 200+ mn Scottish wind farm contract: UAE-headquartered energy construction firm Lamprell has signed a contract worth more than USD 200 mn to supply turbine components to Scotland’s Moray West offshore wind farm, it said in a statement (pdf) on Thursday. Lamprell will provide 60 wind turbine generator transition pieces — reinforced parts of the wind turbine support structures — and two transition pieces for Moray West’s two offshore substations, the statement said.

About the Moray West wind farm: The Moray West wind farm will consist of 60, 14.7-MW turbines, giving it a total capacity of 882 MW. It aims to be fully operational in 2024-2025. The wind farm is principally owned by Spain’s EDP Renewables (EDPR) and France’s Engie, with a small minority stake held by Lithuania’s UAB Ignitis Renewables. The project is being developed by Ocean Winds, a 50-50 joint venture between EDPR and Engie.

About Lamprell: Lamprell’s renewables arm “focuses on foundation fabrication and other services to offshore wind projects,” according to its website. Its primary facilities are in the UAE’s Hamriyah but the group also has operations in Saudi Arabia through a joint venture agreement.

SOUND SMART- Lamprell is in play: The company’s board agreed this summer to be taken over by a Saudi consortium that includes Blofeld Investment Management and Al Gihaz Holding (pdf) and has “strongly encouraged” shareholders to accept the offer before the company is delisted. Lamprell is listed on the London Stock Exchange; its share price is down 75% year-to-date.

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