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Lamprell forms renewables unit in strategic revamp

GO NET-ZERO
CARBON ENERGY

Lamprell forms renewables unit in strategic revamp

Lamprell is undertaking a strategic reorganisation of its business to increase its focus on renewables and the energy transition. The unit will be targeting opportunities in floating wind and offshore hydrogen production facilities Source: Renews

Following the strategic reorganisation Lamprell will have three business units, renewables, digital and oil and gas.

Since 2017, Lamprell has fabricated over one hundred foundations for UK offshore wind farms, with serial production for renewables projects becoming a core area of expertise for Lamprell, the company said.

Lamprell Renewables will accelerate the Group's focus on renewables projects, building on its track record in foundations and expanding Lamprell's addressable market to “product and market adjacencies” where the group's skills have high relevance, such as base structures for floating offshore wind, HVDC and HVAC platforms and offshore hydrogen production facilities.

Lamprell Renewables will also explore opportunities for the group to collaborate with others so as to “increase our execution capacity and support the local content objectives of our clients, as well as to move up the renewables value chain over time, consistent with the Group's strategic focus on EPC(I)”.

In the four years since I joined Lamprell we have been reimagining the business for the future. Today we set out the shape of Lamprell as it looks forward, taking its long and proud history of providing services to the energy industry and accelerating its focus on renewables and digital technologies.

Christopher McDonald, CEO, Lamprell

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