GEG sees renewable renaissance for Scotland's Nigg Yard

Global Energy Group (GEG) has clinched its purchase of Nigg Yard, in a deal that could see one of Scotland’s historic fabrication yards return to its former glory – this time as a renewables powerhouse.

In February, offshore fabrication specialist GEG emerged as the preferred bidder for Nigg, which employed 5,000 workers in its 1970s heyday in the Cromarty Firth but has largely lain dormant for the past decade.

After a “long and complicated” due diligence process – and with much massaging from the Scottish government – GEG has sealed a deal with the owner, Texas-based engineering and construction giant KBR, for an unspecified amount of money.

GEG, which has offices in Inverness and Aberdeen, says it hopes to employ 2,000 workers at Nigg by 2015,…

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