Scotland-headquartered Heavy Lift Projects (HLP) has secured funding to complete the engineering phase of a ring crane for assembling and loading offshore wind farm components.
HLP was founded in 2021 by Alexander Fyfe with the aim of applying innovative approaches to the logistics and handling of offshore wind farm components. Alongside the investment, it has also opened an office in Edinburgh.
The company is in advanced discussions with a number of major wind farm developers looking to manage costs and maintain safety while enabling them to meet schedules for wind farm development and deployment. HLP’s innovations, the company said, will reduce crane mobilisation time for component assembly and marshalling and include an overall component logistics solution to help ports keep pace with increased demand.
“The offshore windfarm market is witnessing stellar growth, but developers face challenges, requiring more and larger crane capacity to meet projected demand, as well as cargo vessels and other support equipment,” said Fyfe.
“Costs are rising but cost is not the biggest issue, rather it’s a shortage of the right installation equipment. HLP believes innovative thinking is needed to provide the new technology solutions that can enable growth to continue.”
The multi-million-pound investment comes from Capercaillie Investments and Giles W Pritchard-Gordon & Co.
Capercaillie Investments is an investment vehicle managed by Hal Salvesen of the Salvesen family, while Giles W Pritchard-Gordon & Co is the holding company for the Pritchard-Gordon Group of Companies that includes Pritchard-Gordon Tankers. Henry Keane, director of Pritchard-Gordon Tankers, and Hal Salvesen both join the HLP board.