Troubled Canadian turbine tower manufacturer DSME Trenton is trying to attract outside investment to help save its Nova Scotia plant.
The company, a subsidiary of Korean-owned Daewoo Shipbuilding and Marine Engineering, is also trying to branch out into other types of heavy steel fabrication, such as the rail and oil and gas sectors, DSME said following a board meeting to discuss the factory’s fate.
Accounting firm Ernst and Young is helping with the search for third party investment. DSME opened the plant in 2011 in a joint venture with the province.
In its early days the tower fabricator scored several contracts in Atlantic Canada, including a 34-tower order for the 102MW South Canoe scheme (pictured) commissioned in 2015, Nova Scotia’s largest wind farm.
Markets in the region dried up however and Nova Scotia has dialed back plans for new wind projects. The province’s 25-year electricity plan released in October 2015 foresees no need for new large-scale power generation before 2030.
Image: South Canoe Wind
