EnergyWatch

Foundation manufacturer facing closure has been sold

With the Scottish government's intervention, the crippled producer and its shipyards have shifted to Canadian owners.

Der er lys for enden af tunnelen for den plagede producent, Bifab. | Photo: BOWL

BiFab has been given a second chance at survival. Canadian JV Driver, via subsidiary DF Barnes, has acquired a Scottish manufacturer of foundations for offshore turbines an equipment to the oil industry. The Canadian firm is thus also taking over the company's three yards, which employ approximately 1,400.

The manufacturer has been hit by a series of struggles since it emerged in November that it was facing insolvency. The reason was a lack of control over the costs of manufacturing jacket foundations for the Beatrice wind farm, and the Scottish government had to step in with a GBP 15 million emergency loan to assist with the liquidity situation. 

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