Dounreay floating wind farm developer goes into Administration

CGI of Dounreay Tri floating wind farm
CGI of Dounreay Tri floating wind farm

The Swedish-backed company which wanted to build a new floating wind farm off the coast of Caithness has gone into Administration.

Accountants French Duncan have been appointed by petition to Edinburgh sheriff court as  Administrators to Dounreay Tri, which had planning permission to build a 10-MW, twin turbine generator.

Although registered at Scotland’s Companies House, and trading from an address near Lothian Road in Edinburgh, Dounreay Tri Ltd was backed by Hexicon, the Swedish investment boutique.

Neither French Duncan nor Hexicon provided any comment, but a source close to Dounreay Tri said the company had experienced ‘cash flow’ problems but still hoped to recover from Administration and complete construction by 3Q2018.

Neither of the two Swedish-based Directors – MATS OLOF JANSSON or PER ANDERS BARNE, who were appointed in March this year – could be contacted for comment.

Nigg Energy, the Inverness-based fabricator which had been appointed to assemble the components onshore  – declined to comment. 

21 July 2017

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