The Swedish-backed company which wanted to build a new floating wind farm off the coast of Caithness has gone into Administration. Accountants French Duncan have been appointed by petition to Edinburgh sheriff court as Administrators to Dounreay Tri, which had planning permission to build a 10-MW, twin turbine generator. Although registered at Scotland’s Companies House, and trading from an address near Lothian Road in Edinburgh, Dounreay Tri Ltd was backed by Hexicon, the Swedish investment boutique. Neither French Duncan nor Hexicon provided any comment, but a source close to Dounreay Tri said the company had experienced ‘cash flow’ problems but still hoped to recover from Administration and complete construction by 3Q2018.
Scottish Energy News 21st July 2017 read more »