RE: cdf518 Dec 2022 11:11
Please expand as I did not read it like that. It does not give specifics.
Also the fee £60k. Hmm not knocking me over with confidence?
It is very grey and not black and white hence not sure.
Please see full info from link below.
------------------------------
Newsletter
Photo: The AR1500 tidal turbine for the MeyGen project (Courtesy of SIMEC Atlantis)
Back to overview
Home Marine EnergyScottish public bodies appoint financial advisor for MeyGen tidal energy project
Premium
Scottish public bodies appoint financial advisor for MeyGen tidal energy project
BUSINESS & FINANCE
December 15, 2022, by Amir Garanovic
Scotland’s national economic development agency Scottish Enterprise and its manager of land and sea assets Crown Estate Scotland have selected an Edinburgh-based consultancy to provide technical advice services for investments in the MeyGen tidal energy project.
Illustration/AR1500 tidal turbine for the MeyGen project (Courtesy of SIMEC Atlantis)
The AR1500 tidal turbine for the MeyGen project (Courtesy of SIMEC Atlantis)
The contract for consulting services – worth around £65,000 – has been awarded to Baldock Energy, a company with technical understanding of the tidal stream sector combined with sufficient experience and knowledge about the industry.
Baldock Energy will be tasked with providing technical advice services related to the investments in the MeyGen project for a period of three years, starting from late November 2022, unless terminated earlier in accordance with the subsequent agreement, according to the Scottish public bodies which hired the consultant.
The company is led by Andy Baldock, who has more than 20 years of experience in renewable energy sector, with a special focus on marine energy.
Baldock has been involved in almost all the key UK marine energy programs since 2004, including previous work on MeyGen tidal energy project, as the funders’ technical adviser for the UK’s Department for Business, Energy and Industrial Strategy (BEIS) – formerly DECC – as well as for the Crown Estate Scotland, Scottish government, and Highlands and Islands Enterprise (HIE).
According to the contract, Baldock Energy will use the subcontractors in its core team for the project, including Blackfish Engineering for the design turbine, foundation and systems engineering; Morek for the marine operations, with back-up from Tadek if required; and Black & Veatch for resource and performance assessment and other general engineering. Also, Joe Hussey will act as assistant project manager.
The consultants will provide funders with technical advisor input during MeyGen project’s operational phase, which will cover the review of annual operating budget, including the underlying technical and operational assumptions for the ongoing budget