Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Oops. Cheers Stokey. Saw mention of BiFab. Soz. :)
SI_Derman In relation to your 17.23 post. This is a different project but it is something that has to be borne in mind. I note that Crown Estate Scotland have increased the Local Content Requirement for Scotwind leases to 25%.
Oh, yeah. This article. :)
https://www.pressandjournal.co.uk/fp/business/north-of-scotland/2502295/turbine-jackets-for-scotlands-largest-offshore-wind-farm-will-be-fabricated-in-china/
Discounting what Phil Collins would have you believe, Stokey. It's one jacket required. ;)
Saw this article, although six months old , has a bit more on the history of said jackets.
Sorry if already posted.
Whilst on the subject. I did hear that Appledore have been working on "wind turbine base parts". their words. I took this to mean they had plans to work on such parts, as this had been mooted previously, along with other work/contracts that still have not appeared. Such as Irish Navel offshore patrol vessles, of which Appledore has a built in the past, along with Faroe Island fishing fleet boats. All the same kind of things that were suggested at the time of the aquisition.
But it was aslo said that they were amazed how busy they were. They, being the yard itself.
Not sure if work for this contract would have filtered down to this neck of the woods, tbh. But who knows.
Could be something a little closer to home. ??? Will try and find out a bit more, if the chance should arrise.
BTW, I did have to sit on my hands first thing Friday after the RNS, repeating to myself, "never trade in the first hour".
But then I caved and bought back 25% of my original holding. :)
Said I wouldn't until the ML was sorted, but hey ho, gone and done it now.
See what tomorrow brings, hey.
GLA, Si. :)
Don't want to spoil the party, but items such as pin piles can be very large items to manufacture ....thus the yard have to have the equipment to manufacture. Not sure what size piles their using on this project, but would anticipate they would be floated in by barge from a specialist manufacture of piles.
Avyererdowt In relation to your 10.55 post I agree with what you say I would observe that when you look at the number of windfarms that are planned, all have local content requirements of between 10 - 25%, the amount of potential income from the necessary contracts is such that the restrictions on the type of work is not that much of an issue.
If the contract for the turbine pin piles has not been let and the article from November 2019 then that is potentially telling. Saipem did not go elsewhere when BiFab went into administration so is this contract still available. I note that it says at least 8 jackets so we may see further jackets being ordered. The contracts for the remaining jackets are worth upwards of £140m depending how many jackets there are to a turbine.
It is understood... a further contract for the manufacture of turbine pin piles. yet to be announced.
https://www.thecourier.co.uk/fp/business/business-news/1030393/huge-vote-of-confidence-port-of-dundee-and-bifab-to-play-major-roles-in-2-billion-wind-farm/