Scotland’s North Star has secured a £140m ($171m) financing package to support European expansion of its offshore wind fleet that includes plans to build 40 ships by 2040.
The offshore vessel owner said the investment includes a £50m commitment from the Scottish National Investment Bank as well as IFM Investors, Edmond de Rothschild’s BRIDGE and RBC Capital Markets.
The company entered the offshore wind market last year after winning all four long-term charter service operations vessel (SOV) awards for Dogger Bank wind farm off northeast England.
