Scottish firm attains Taiwan offshore wind export deal: Scottish offshore construction grouting experts FoundOcean has scored a major new export contract to supply foundations for an offshore wind farm located in Taiwan.
International Trade Minister Graham Stuart delivered the statement for the contract, that was guaranteed after financial support from UK Export Finance (UKEF), the government’s export credit agency.
FoundOcean will supply the foundation grouting for a 100-turbine offshore wind farm, this will allow the turbines to be fixed to the seabed to set up the wind farm.
The wind farm will be capable of producing over 1GW of renewable electricity – which is equivalent to 20% of the level made by the UK – including the creation of 30 new jobs in the local area.
UKEF has supplied £500 million in finances for 3 offshore wind projects in Taiwan beginning in late 2019.
Mr Stuart stated: “The UK has one of the world’s best export credit agencies in UKEF, which will help Scottish exporters like FoundOcean as we level up every part of the UK and build back greener from the pandemic.
“UKEF is helping us to accelerate the transition to clean energy, which will bring prosperity and a wide range of sustainable jobs to Scotland.”
Nearly 80% of FoundOcean’s revenue currently comes from renewable energy projects & is providing some of the largest offshore wind farms globally.
CEO Jim Bell announced: “Our business has been running for over 50 years and in the last few, we’ve managed the transition to mainly renewable energy.
“Thanks to UKEF’s support, we have been able to fulfil a major contract, grow our business and create vital jobs for people across the country. We’re so proud to play a part in powering Taiwan’s own green energy drive.”
Scottish firm attains Taiwan offshore wind export deal