The insolvent manufacturer of steel foundations and other structures for the offshore wind energy (OWE) market located in the Port of Szczecin has a new owner.

The receiver of ST3 Offshore has agreed to the purchase sum of PLN170.5m (approx. €36.2m).

Vestas plans to build a gondola and wind nave factory nearby Police, including for the V236-15 MW wind turbine model. The ST3 Offshore facility will serve as a production & logistics base for the investment.

Vestas will supply 76 turbines for the Polish 1.2GW Baltic Power OWE farm (intended to come online in 2026), for which PKN ORLEN's installation terminal will be erected in the Port of Świnoujście (commissioning scheduled for 2025).

ST3 Offshore used to be Europe's largest producer of OWE steel foundations and transition pieces (in 2018). The company incurred irreparable losses due to inviable projects it signed off on in 2015-2016. In March 2020, the court declared ST3 Offshore bankrupt.

Vestas' takeover was the sixth and final attempt to sell ST3 Offshore's assets by the receiver.

Source: GospodarkaMorska.pl

Photo: ST3 Offshore