Developer of Scottish floating wind project falls into administration
Dounreay Tri. Image by Hexicon
The company developing the 10-MW Dounreay Tri floating wind demonstration project off the Scottish coast has fallen into administration, local media reported.
According to official records, Brian Milne and Linda Barr of French Duncan Restructuring and Debt Advisory have been appointed administrators to Edinburgh-based Dounreay Tri Ltd at the start of the month.
The floating offshore wind project is being developed by Swedish engineering company Hexicon AB through Dounreay Tri Ltd. The scheme, designed to demonstrate Hexicon's semi-submersible foundation for offshore wind, secured approval from the Scottish government in March. Hexicon after that, at the end of March, said Dounreay Tri Ltd has completed a EUR-45-million (USD 52.4m) bond issue to partially fund construction costs of the floating offshore wind installation. According to the company's website, construction has started in March.
The project, located 9 km (5.6 miles) off Dounreay, Caithness, is to feature two wind turbines of 5 MW each on a single floating platform.