Ledwood Engineering is hoping to capitalise on new commercial opportunities in the renewable energy sector after securing a seven-figure investment.
The Pembroke Dock-based construction firm has received the undisclosed sum from the Development Bank of Wales' £204m Wales business fund, which is financed by the European Regional Development Fund and the Welsh Government.
It follows the company's £50m contract win with GE Steam Power at the Hinkley Point C nuclear power plant as well as Bylor, SABIC, wood, Phillips 66, Flogas, Spirit Energy and Prax Group. Ledwood said the funding will allow it to bid for new work and become part of the supply chain for major offshore wind projects in the Celtic Sea under a new Crown Estate licence.
