Lamprell believes it is now in a better position to execute renewable energy projects after going through a “steep learning curve” and getting its fingers burned on a UK North Sea contract, writes Eoin O'Cinneide.
The Middle East yard has just booked an $80 million loss on its contract for multiple modules for ScottishPower Renewables’ East Anglia One development, with chief executive Chris McDonald admitting: “I think we got the costs wrong and I think we got the price wrong.”
