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Insider UK
Insider UK
National
Peter A Walker

Ardersier Port receives £300 million for energy transition facility

Ardersier Port has received an initial £300m investment commitment to drive its redevelopment and transformation into an energy transition facility.

Investment into the former McDermott construction yard is being made by Quantum, a US investment firm that provides private capital to the energy industry. The funds will accelerate work that has already begun to redevelop the port and unlock its potential to support the deployment of offshore wind installations and the decommissioning of oil and gas infrastructure in the North Sea.

Redeveloping the port’s infrastructure and significantly extending its quay to realise the 450 acres of un-utilised operating area should provide capacity and services to the offshore wind energy industry and the North Sea decommissioning programme.

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