SSE, Marsh Wind form JV to acqure Skykon wind turbine manufacturing plant

Source: Scottish and Southern Energy

A Joint Venture between Scottish and Southern Energy (SSE) and Marsh Wind Technology Ltd, the UK subsidiary of Marsh Global Holdings Ltd, has been established to secure the future of Skykon wind turbine tower manufacturing and assembly plant at Machrihanish, Campbeltown, which is currently trading in administration.

The joint venture, named Wind Towers Ltd, has submitted a bid as a result of which it expects to complete the acquisition of the plant and the details should be concluded over the next few weeks. The JV has been granted 'preferred bidder status' and will now set in train a process of due diligence prior to finalising all of the arrangements. Should the bid be accepted further details will be provided on completion. In addition to producing wind turbine towers for onshore wind farms, the construction of new facilities to allow the production of turbine towers for offshore wind farms at the site is almost complete, enabling it to participate in the next phase of offshore wind developments.

SSE is the UK's largest generator of electricity from renewable sources. Marsh Wind Technology is a UK subsidiary of Marsh Global Holdings Ltd. which has substantial experience in manufacturing operations.

First Minister Alex Salmond said: "I'm pleased to see first-hand the work being undertaken by staff and to hear about Wind Towers' proposals to secure the future of the plant and extend its business to servicing the growing offshore wind market. The creation of the joint venture and securing of preferred bidder status are very welcome developments for Campbeltown and underline the industry's confidence in the skills of the workforce and the important role this plant can play within the renewables industry supply chain.”



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs