RCS - Infrastrata PLC - MoU with Navantia and Windar Renovables

Harland & Wolff groupAnnouncement

15/09/2021 07:00

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RNS Number : 7796L  Infrastrata PLC  15 September 2021

RNS Reach

 

15 September 2021

InfraStrata plc

("InfraStrata" or the "Company")

 

Memorandum of Understanding between Harland & Wolff, Navantia and Windar
Renovables

 

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic
infrastructure projects and physical asset lifecycle management, is pleased to
announce that it has today signed a Memorandum of Understanding (MoU) with
Navantia, S.A, S.M.E (Navantia) and Windar Renovables (Windar) to target
specific fixed and floating wind projects primarily within the UK.

 

The MoU signals a firm commitment from all three parties to actively secure
wind farm development projects and execute them together.

 

This collaboration will enable the Company's fully owned shipyards and
fabrication facilities, the Harland & Wolff Group (Harland & Wolff),
to take better advantage of the offshore wind opportunities set out in the UK
Government's Ten Point Plan for a Green Industrial Revolution. Harland &
Wolff will be able to harness Navantia's extensive experience and adopt their
advanced technologies, better positioning itself to be a more attractive and
competitive proposition to wind farm developers as it seeks to work with UK
companies to develop windfarms off UK shores.

 

The JV Navantia - Windar has completed more than 100 wind turbine jacket
foundation structures for various clients over the last five years with the
partners currently fabricating and assembling 62 jackets for Iberdrola's St
Brieuc offshore wind farm, after having recently completed five floating hull
foundations for the Scottish based, Kincardine Floating Offshore windfarm.

 

The partnership between Navantia and Windar Renovables commenced in 2015 and
since then, they have collaborated in the execution of seven offshore wind
projects. Both companies are currently investing in a new XXL monopile
facility in Spain.

 

As the MoU between the three companies progresses into a formal joint venture,
it is expected that the parties will come together to bid and execute on
numerous wind farm projects with appropriate work share arrangements between
them based on their respective yard capacities and availability, material
handling capabilities and quayside load-out capacities. The Harland &
Wolff Group has one of the largest fabrication footprints in the UK with circa
256 acres of land at its disposal and load-out areas across its locations that
is ideally suited for large offshore wind structures.

 

John Wood, Group CEO of commented: "Through this strategic partnership, we
will be able to strengthen the scale and footprint of a combined multi-site
offering which will de-risk customer schedules, drive more innovation and
efficiency and enable projects to be monetised quicker. We now look forward to
working with both organisations as we rapidly advance within the market."

 

For further information, please visit www.harland-wolff.com
(http://www.harland-wolff.com)   or contact:

 

 InfraStrata plc                                         +44 (0)20 3900 2122

 John Wood, Chief Executive                              investor@infrastrataplc.com (mailto:investor@infrastrataplc.com)

 Seena Shah, Head of Marketing & Communications          media@harland-wolff.com (mailto:media@harland-wolff.com)

 Cenkos Securities plc (Nominated Adviser & Broker)      +44 (0)20 7397 8900

 Stephen Keys / Callum Davidson (Corporate Finance)

 Michael Johnson (Sales)

 

 

About Harland & Wolff

Harland & Wolff is a multisite fabrication company, operating in the
maritime and offshore industry through five markets: commercial, cruise and
ferry, defence, oil & gas and renewables and six services: technical
services, fabrication and construction, decommissioning, repair and
maintenance, in-service support and conversion.

 

Its Belfast yard is one of Europe's largest heavy engineering facilities, with
deep water access, two of Europe's largest drydocks, ample quayside and vast
fabrication halls. As a result of the acquisition of Harland & Wolff
(Appledore) in August 2020, the company has been able to capitalise on
opportunities at both ends of the ship-repair and shipbuilding markets where
this will be significant demand.

 

In February 2021, the company acquired the assets of two Scottish based yards
along the east and west coasts. Now known as Harland & Wolff (Methil) and
Harland & Wolff (Arnish), these facilities will focus on fabrication work
within the renewable, oil and gas and defence sectors.

 

Harland & Wolff is a wholly-owned subsidiary of InfraStrata plc (AIM:
INFA) - soon to be known as Harland & Wolff Group Holdings plc.
InfraStrata plc, the London Stock Exchange-listed firm focused on strategic
infrastructure projects and physical asset life-cycle management applied to
Companies House to trade under the new name on September 14, 2021. The company
believes that this change of name will better reflect its ambition in
expanding its core business and the significant development of its
shipbuilding and fabrication activities.

 

In addition to Harland & Wolff, it owns the Islandmagee gas storage
project, which is expected to provide 25% of the UK's natural gas storage
capacity and to benefit the Northern Irish economy as a whole when completed.

 

About Navantia

The Spanish shipbuilder NAVANTIA is a world reference in the design, building
and integration of highly technological state-of-the-art warships the
international market, which makes it a strategic company with more than 300
years of history. Its activities include the design and manufacture of
Integrated Platform Management Systems, Fire Control Systems, Command and
Control systems, Propulsion Plants and through-life support for all its
products. NAVANTIA has also taken steps towards diversification with a track
record in Oil & Gas. In only seven years Navantia and has become a
relevant actor in the area of offshore wind having delivered projects seven
projects in five countries including electrical substations, jacket
foundations and floating solutions.

 

 

About Windar Renovables

Founded in 2007, Windar Renovables -part of the Daniel Alonso Group- is one of
the largest tower manufacturer worldwide. The company is headquartered in
Avilés (Asturias) and has ten production plants in Spain, Russia, India,
Mexico and Brazil. Employing more than 1,400 workers, Windar  Renovables is
the sole global company with expertise in the manufacture of all types of
offshore foundations: transition pieces, piles, jackets and semi-submersible
and spar-type floating foundations.

 

Windar Renovables is a global leader in clean and sustainable energy through
the manufacture of foundations and towers for the offshore wind industry, as
well as towers for onshore wind farms. Owned by the Daniel Alonso Group and
Siemens-Gamesa and led by its founding team, it has a network of manufacturing
facilities strategically located to serve the world's largest wind markets. It
has production plants in Spain (Asturias, Galicia and Andalusia), India,
Brazil, Mexico and Russia. The manufacturing capacity of all available
solutions, the controlled quality of its products and innovation have earned
it the trust of the main players of the renewable sector, which is
materialized in a solid pipeline for the future.

 

Windar Renovables' business model is based on distinguishing itself through
innovation and offering its customers comprehensive and tailor-made solutions,
thanks to its capacity and flexibility, and always applying sustainability
criteria.

 

 

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