FoundOcean finds funding for expansion

FoundOcean has completed foundation grouting for four offshore renewables contracts since 2010, including Ormonde and Thornton Bank offshore wind farms, and has been awarded a further three offshore wind farms comprising a total of 248 structures, starting in 2012.

Jim Bell, managing director at FoundOcean explained, “We are delighted that Ambienta has chosen to invest in FoundOcean as it makes the transition from a 40 person company to 100 and beyond. The investment will enable FoundOcean to continue with its forecasted growth strategy of expanding its high profile presence in the offshore renewables sector by building additional grout mixing equipment, and employing more engineers and operational personnel.”