Pursuant to this Agreement, the mooring and rigging solutions leader will work with ETZ Ltd (ETZ), a private sector-led not-for-profit company spearheading the energy transition ambitions of Northeast Scotland by supporting the creation of a hub to protect the Scottish renewable sector whilst facilitating job creation.
Signed in Singapore with ETZ Offshore Renewables Director, Mr Andy Rodden, and witnessed by Mr Ivan McKee, Scotland's Minister for Business, Trade, Tourism and Enterprise, the facility is projected to be more than double the floor space and output of the Group's Singapore facility at 51 Shipyard Road.
It will support Mooreast's efforts to target an increasing number of offshore wind projects emerging in Europe. High-profile projects include the ScotWind auction, The Celtic Sea Cluster and the Innovation and Targeted Oil and Gas (INTOG) project, which are expected to deliver over 20 GW, 5 GW and 4.5 GW of floating wind energy, respectively. As part of its strategy to capture such opportunities, the Group incorporated Mooreast UK Co Limited (Mooreast UK) in July 2022.
Based on the Agreement, Mooreast and ETZ will work closely on the following areas, amongst others, to help secure a positive outcome in terms of:
Developing a preferred site plan to meet the requirements of Mooreast that is compatible with local planning regulations, development requirements and site limitations.
Delivering a jobs and skills plan to secure a workforce ready to support the effective operation of a facility whilst creating employment opportunities for local communities aligned with just transition principles.
Facilitating introductions to key local supply chain companies required to support the start-up and future operation of the preferred site.
“We are honoured to have Mr Ivan McKee grace this event” said Sim Koon Lam, CEO of Mooreast. “Upon completion, the facility will serve as a cornerstone of Mooreast's expansion into Europe, and will enable us to produce high-quality products and services for our renewable energy customers in the region.”
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