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From the Herald Scotland article:
A Chinese yard will fabricate 84 of the 114 turbine jackets for the project, which will then be shipped to the North Sea.
Why do we believe JW and co. will compete effectively against the heavily state subsidised foreign competitors?
The location is good, and the competition is fierce so hopefully JW has done his research. Have a look at what Global Energy Group (GEG) are doing at their Nigg yard. No doubt Mr Wood will explain all in the coming weeks
rechargenews.com/wind//uks-largest-offshore-wind-fabrication-plant-planned-in -scotland
Absolutely- Prime location and mammoth cost savings and lead time reductions to be had, I also think The SNP are an issue, they don't want to prosper under English rule as goes against what they are trying to achieve (but that does seem to have had a major setback recently).
Location , location, location Tango...
spudtheplumber- Possible but not if Macron gets his way and nationalises edf.
https://www.energyvoice.com/renewables-energy-transition/212989/breaking-bifab-win-fabrication-deal-for-edfs-2bn-scottish-wind-farm-project/
I reckon this could still have legs....
Bifab was purchased for the extra capacity, Considering our floor space utilisation is currently virtually ZERO one can only assume the BOD know things are going to change very soon! Also you would not find a better time to get assets like this at the price paid. AIMHO
roly12- this might help
https://www.heraldscotland.com/news/18820310.revealed-52-4m-taxpayers-money-set-lost-bifab-faces-collapse/
Hello Stokey, Reading the articles you posted, I am wondering where/how the £52.4M was spent/used by BiFab, do you have any ideas ? Infa are in no position to financially support BiFab. Thanks in advance...
The other site may be left as a bargaining chip by JW, " we will take it on but need these assurances"....
The take from the Sunday Times https://www.thetimes.co.uk/article/titanic-shipbuilders-harland-and-wolff-brought-back-to-scotland-d3zqjt66f
Some local political reaction to Friday's announcement https://www.thecourier.co.uk/fp/news/local/fife/1971733/bifab-buyout-cautious-welcome-for-850000-deal-for-methil-yard/
Well we are half way through the first quarter and it seems that it is culminating to be an explosion of news by the end of the quarter. AIMHO
This really has (is) been one of those FOD shares. I've been here since the start in 2008 (please don't ask what the SP was back then but at one point the founding CEO was worth £60 million on paper (Portland Gas)).
Now that we aren't just a one trick pony (although it will be a highly lucrative one if and when they pull it out of the regulatory hat) and have real assets ; in a world busy reinventing supply chains ,we really are going to have to go back to our roots as engineers that build and not just think of the next great idea that don't get funded here (foreign investors/owners).
I read somewhere the US Innovates, China Duplicates and Europe Regulates. Well, we aren't "in" Europe in quite the same way now so all bets are off - or hopefully on. I voted to stay in but I'm becoming more optimistic, not just because of the vaccine fiasco over La Manche but because I firmly believe that Britain's Got Talent.
Not meant to sound overly nationalistic but then why not?
On we go. GLA
Exactly right Stifler the market isn't valuing the assets as assets because until contracts prove the potential they are liabilities.
Sniff of confirmation of contracts and we should rerate imo.
I am here for the heavy engineering. I understand about IM but that was never an asset backed business. H&W get a contract their physical assets will be valued very differently. That is my call anyway.
We all have the right to air our frustrations on the bb but you are starting to sound a bit sad now matey.
Walk away you sold the lows, get over it......
Hi all INFA holders
As part of doing my DYOR I am looking to develop my UK green/energy holdings and associated companies which INFA is already part. I hold AFC, ITM, Ceres, PHE and elsewhere PLUG, BE Bloom, BMN. MAST is also imminent.
A friend of mine is a buying a new house and it will have a Heat Source Pump as gas boiler installs are getting phased out by 2025. Any ideas on associated investments in this area. We also have these new mini nuclear power stations. Anyone already knowledgeable or have any suggestions.
Inchgreen---peel ports--- hydrogen ----who knows?
Interesting thread https://twitter.com/insignia54/status/1360527363105304576 does anyone knw of any other reason for purchasing or leasing Inchgreen?
BBC coverage
https://www.bbc.co.uk/news/uk-scotland-56037981
An Infrastrata spokesperson gave the ambitious estimate of creating “over 400 new jobs at the Arnish site and over 600 new jobs in Methil with additional apprentices at both sites”,
https://www.energyvoice.com/renewables-energy-transition/299044/infrastrata-buys-bifab-methil-and-arnish-yards-for-850000/
https://dailybusinessgroup-co-uk.cdn.ampproject.org/c/s/dailybusinessgroup.co.uk/2021/02/two-bifab-yards-acquired-by-harland-wolff-owner/amp/
Here's some more background and commentary re bifab
Interesting that we are bringing furloughed staff back on site. Something is brewing! https://www.google.co.uk/amp/s/www.scotsman.com/business/bifab-two-out-three-yards-bought-infrastrata-ps850000-following-company-collapse-3132500%3famp?client=safari
I have just seen this on twitter https://twitter.com/spudtheplumber/status/1360205002040573958 makes an interesting read. Also saw on www.bifab.co.uk some of the prices paid for jackets. It would seem that a single subsea jacket may cost around £2m each.
Does anyone read energyvoice and can get the full article?