Cyan Renewables has entered the UK offshore wind market by acquiring support vessel provider Sentinel Marine.
Cyan Renewables, an Asia-headquartered offshore wind vessel operator, will acquire a 75% stake in Sentinel Marine, which owns a fleet of 13 emergency response and rescue vessels (ERRVs) in the UK.
The fleet is able to respond to environmental emergencies and promptly launch search and rescue operations to protect lives.
Sentinel Marine’s fleet is also designed to support various offshore activities that facilitate the global energy transition and safeguard marine biodiversity, including offshore wind, fisheries control and maritime surveillance.
Through this acquisition, Sentinel Marine’s multi-role ERRVs will complement Cyan Renewables’ vessel portfolio, while placing the latter in a “strategic position to bring its expertise to the offshore wind market in the UK”.
Rory Deans, CEO, Sentinel Marine, said: “We welcome Cyan Renewables as our majority shareholder.
“With its strong financial capability, Sentinel Marine will be in a stronger position to grow, especially in the market of offshore renewables.”
Lee Keng Lin, Founding CEO, Cyan Renewables, said: “This acquisition allows Cyan Renewables to demonstrate its long-term commitment to supporting the local economy with substantial job creation and dynamic knowledge transfer.
“It is also in line with Cyan Renewables’ goal to double our fleet through the acquiring and newbuilding of vessels in the coming years.”