ACE
Winches continues its strategy to further expand its global renewables
expertise following the award of multiple contracts in Europe and the Far East.
The
projects, with a combined seven-figure value, advance the
Aberdeenshire-headquartered company’s drive to increase its market share in the
renewables sector, an area identified as a key part to its continued
international growth.
ACE
has been awarded a contract to provide equipment and personnel to support the
delivery of a 300-megawatt offshore wind farm in Taiwan, which is expected to
be installed over several campaigns during the next few years.
The
company is also supporting the development of an additional offshore wind farm
in Taiwan, which will be completed in 2025.
The
Taiwanese renewable energy market is accelerating rapidly as the country seeks
to improve energy self-sufficiency. Taiwan aims to produce at least 60% of its total
energy from renewable sources – including boosting its wind power capacity to
40 gigawatts – by 2050.
ACE Chief Commercial Officer Gary Wilson
said: “The latest contract win in Taiwan is a testament to the quality of work
we are delivering in the renewables space. Enhancing our offering in this
important sector is one of several growth markets the company is engaged in.
“The recent contract awards in both
Europe and the Far East demonstrates our capabilities in delivering
high-quality work in a fast-growing sector, and it is something we will
continue to grow. We have further invested in our global rental fleet over the
last two years, and these latest contract awards are in line with our twin
objectives of diversification and geographic expansion to position the business
to serve a Net Carbon Future.”
During 2022 the company achieved
environmental status and certification of being a Net Zero Carbon Producer.
The
contract wins follow a strong financial performance for the year ending March
31, 2022, in which ACE, which has a training academy and purpose-built
facilities in the UK and Norway, reported a growth in turnover and a
substantial increase in EBITDA from £5.5 million to £7.6m.
ACE
Winches will be exhibiting at OTC 2023 this week at booth 1639.