Two UK firms in the West Midlands and East Anglia have won green energy contracts on a UK export credit agency-supported project as Britain prioritises renewable energy exports and jobs.
UK Export Finance (UKEF) – the UK’s export credit agency, is providing a £200 million buyer credit guarantee to help finance the Greater Changhua 1 Offshore Wind Farm in Taiwan, unlocking the export potential of the UK’s offshore wind sector.
To help the UK build back greener from the pandemic, the UK government say they have outlined a Ten Point Plan for a Green Industrial Revolution and will support the UK’s offshore wind sector which they say is a key part of its strategy.
UKEF has now provided £500 million of financing for three offshore wind projects in Taiwan alone since late 2019, creating trading opportunities for UK renewable energy companies and supporting green jobs.
The two UK renewable energy companies, Seajacks and Trelleborg’s applied technologies operation in the UK, have already capitalised on UKEF’s support by winning export contracts with Ørsted, the company leading the development of the wind farm.
Liz Truss, International Trade Secretary, said:
The Greater Changhua 1 Offshore Wind Farm has a capacity of 605 MW, powering more than 650,000 households. This will help Taiwan to achieve its goal of generating 20% of its power from renewable sources by 2025.
Many international offshore wind companies have set up operations in Taiwan to help meet the market’s ambitious energy transition target and UKEF’s financing enables UK firms to better access these opportunities.
Seajacks, an East Anglia-based company, will ship the material needed to install the turbines and Trelleborg’s applied technologies operation in the West Midlands will provide protection systems for the cables which connect the turbines to the mainland.
Sebastian Brooke, Seajacks COO, said:
Richard Beesley, Business Development Director at Trelleborg’s applied technologies operation, UK, said:
Seajacks is an East Anglian-based offshore installation company. This is the second UKEF-supported project that it has won business on in Taiwan and the first two outside of Europe. It will be providing transportation vessels for the installation of the turbines.
As part of the Offshore operation of Trelleborg Group, Trelleborg’s applied technologies operation in Skelmersdale, UK, manufactures and designs innovative and reliable polymer and syntactic material solutions for the renewables industry. They will be providing NjordGuard cable protection systems and bellmouths to protect over 222 inter array and export cables which connect the turbines to the mainland.