Blair Ainslie -
25 onshore, 75 offshore + 6 in Middle East
Blair Ainslie -
Specially designed ships enabling wind turbines
to be erected at sea have delivered rapid growth
And that story is set to continue following an
investment of $150m (£95.6m) in the company’s
third vessel, Zaratan, confirmed earlier this year.
Zaratan, being built by Lamprell Energy, is twice
the capacity of Seajacks’ existing vessels, Leviathan
and Kraken, with accommodation for 90 people,
and will be capable of installing wind turbines in
water up to 55m deep. The boats can lift themselves
from the water on four legs to the height needed to
act as maintenance and construction platforms for
the offshore oil and gas and renewable industries.
The new vessel, due to be completed in 2012, will
operate in the harsh North Sea environment, where
thousands of wind turbines are planned.
Another landmark in Seajacks’ history came this
year when it was acquired by a private equity fund.
Blair Ainslie, managing director, said: “The main
highlights for us in the past year were that we
were bought out by Riverstone private equity fund,
headed in London by Lord Browne, ex-BP chairman.
The company paid $207m (£132m) and allocated an
additional $93m (£59.3m) for expansion. We have
also finalised the contract on the Zaratan.”
Turnover has risen about 11pc to $100m
(£63.8m), he added.
The company was founded in 2006 by Mr Ainslie
and Norwegian investors, and has secured major
contracts in the North Sea and Irish Sea, including
installing turbines off the Suffolk and Essex coasts
for the Greater Gabbard wind farm.