Japan's Mitsui takes 25% of Scots offshore specialist GEG

The partners hope Nigg Energy Park can be a powerhouse serving Scotland's offshore wind and marine renewables sectors

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By Andrew Lee London

 Monday, April 16 2012

Updated: Monday, November 26 2012

Japanese conglomerate Mitsui is buying a 25% stake in Global Energy Group (GEG), a Scottish offshore fabrication and services specialist with significant ambitions in the renewables industry.

Mitsui will pay an undisclosed sum via its European unit for its share in GEG, which employs more than 4,000 and has offices in Aberdeen and Inverness.

Though it is currently mainly focused on the oil and gas sector, GEG last October clinched the purchase of the historic Nigg Yard on the Cromarty Firth.

The company says it wants to turn the 238-acre site – now renamed Nigg Energy Park – into a powerhouse serving Scotland’s offshore wind and marine renewables sectors.

Mitsui and GEG say realising the potential of…

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