InfraStrata PLC - London-based strategic infrastructure projects company - Signs memorandum of understanding with Navantia SA and Windar Renovables to jointly secure wind farm development projects and execute them together.
Navantia and Windar are already in a joint venture partnership, which has completed more than 100 wind turbine jacket foundation structures for clients over the last five years.
"As the MoU between the three companies progresses into a formal joint venture, it is expected that the parties will come together to bid and execute on numerous wind farm projects with appropriate work share arrangements between them based on their respective yard capacities and availability, material handling capabilities and quayside load-out capacities," the company notes.
Current stock price: 20.03 pence, down 5.1%
Year-to-date change: down 58%
By Dayo Laniyan; email@example.com
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