General – Acquisition
Setec announced the acquisition of a stake in FLOW Park Investment Limited (FPIL), a subsidiary of OSG, Offshore Solutions Group, a Scottish consulting and engineering company specialising in wind energy.
This new investment will contribute to the development of the pioneering Moray FLOW-Park offshore storage project.
It will accommodate the temporary offshore storage of floating wind turbine equipment, thereby optimising risk management and logistics during assembly, turbine integration and deployment.
Following the acquisition of Sealand Projects earlier this year, this new venture strengthens Setec’s position and ambition in the offshore wind and marine engineering sector, as well as its presence in the UK and Northern European markets.
