Infrastrata has acquired the Methil and Arnish yards from the collapsed Scottish manufacturer Burntisland Fabrication (BiFab) for £850,000. The deal will be split across two tranches: £650,000 upon completion and £200,000 when substantial revenues are generated.
Engineering firm BiFab has gone into administration after failing to secure any new contracts and a decision by Scottish ministers against nationalising the company. In order to save BiFab from closure in 2017, and to support the delivery of SSE’s Beatrice Offshore Wind project, the Scottish G
Ministers have concluded there is no legal route for either the Scottish or UK governments to provide engineering firm BiFab with the guarantees it would need to secure its contract with Saipem in the absence of a shareholder guarantee provided by BiFab’s majority shareholder JV Driv
The Scottish Government’s pledge to create thousands of renewables jobs is "in tatters" after the collapse of a deal between BiFab and EDF over the manufacture of jackets for the Neart na Gaoithe (NnG) offshore wind farm.
Financial close has been reached on the Neart na Gaoithe (NnG) offshore wind farm heralding the start of construction on the project which will supply enough low carbon electricity for around 375,000 homes. Matthias Haag, NnG project director, and David Webster, senior port manager, Port of Dundee