Green Marine UK has today announced a seven-figure capital investment in a new Subsea Services Department targeting the UK’s burgeoning offshore wind sector.
The company expansion, boosted by financial backing from Highlands and Islands Enterprise (HIE), includes the purchase of cutting-edge subsea technology from Rovtech (Seatronics), Sonardyne, Norbit, Voyis, Tritech, Digital Edge Subsea, EIVA and a range of other sensors.
The Subsea Services Department, which is expected to officially launch in late spring, will provide in-house turnkey solutions and data.
New services will include GVI (General Visual Inspection), 3D Survey incorporating real- time SLAM (Simultaneous Localisation and Mapping) analysis, Marine Site Characterisation, Multibeam, and O&M monitoring with a focus on subsea cables, pipelines and offshore structures.
Green Marine estimates the “service addressable market” for subsea O&M services across UK offshore wind to be worth in excess of £270m by 2030.
This has been guided by studies by Orec (Offshore Renewable Energy Catapult), the UK’s technology innovation and research centre for offshore renewable energy.
Green Marine managing director Jason Schofield (pictured right) said the expansion marks a key element of the firm’s strategic growth plan.
“Green Marine has built a strong track record over many years with particular success in the offshore wind sector,” he said.
“The unique skills and experience we’ve developed during this period have put us in prime position to diversify in line with growing industry demand.
“While this entails an initial seven-figure capital investment, the longer-term company strategy is to continue investing and expanding way into the future.
“We benefit from a strategic location in Orkney with the world’s second largest installed offshore wind capacity on our doorstep.
“This represents a significant growth opportunity for Green Marine UK and a vehicle to drive jobs and business expansion for many years to come.”
Operations and technology director Myles Metson (pictured left) added that the expansion follows a company-wide ethos to acquire more assets and expand in-house operations.
A key investment for Green Marine UK’s subsea services department includes Rovtech’s VALOR ROV, recently acquired from Seatronics.
The lightweight, portable system has redefined industry benchmarks in data collection and physical intervention, Green Marine UK said.
The company’s project work has spanned across the world’s largest offshore wind farm, Dogger Bank, and the world’s largest floating offshore wind farm, Kincardine.