Subsea spending shows faith in UK offshore wind

The Orkney Island, Scotland-based maritime company now has a fleet of crew transfer and survey vessels, RIBs and cable equipment, and will now expand with new subsea technology.

The Subsea Services Department will be launched in a couple of months’ time, and offer inspections, surveys, site characterisations and so on, with a focus on subsea cables, pipelines and offshore structures, it says.

Without saying exactly how much the company will spend on its new subsea drive other than saying it was a ‘seven-figure sum’, Green Marine did say some of the money will come from HIE, the Highlands and Islands Enterprise.

”Green Marine estimates the ‘service addressable market’ for subsea O&M services across UK offshore wind to be worth in excess of £270 million by 2030,” the company says, citing a study by the Offshore Renewable Energy Catapult research centre for offshore wind.

“The longer-term company strategy is to continue investing and expanding way into the future,” said managing director Jason Schofield. “We benefit from a strategic location in Orkney with the world’s second largest installed offshore wind capacity on our doorstep.”

One of the company’s new assets is the Valor ROV, recently bought from Seatronics, which Green Marine says ‘has redefined industry benchmarks in data collection and physical intervention’.

Green Marine’s work has included Dogger Bank, which will be the world’s largest offshore wind farm, and the world’s largest floating wind farm at Kincardine.