A recently agreed formal collaboration agreement between GEG and Rosetti sees both Companies enter into a 5-year agreement with potential for a 2-year extension, to jointly tender and execute EPC, EPCI and EPCIC contracts in the renewable energy sector in the UK. Scottish based Global Energy Group and Italian head quartered Rosetti Marino, are of comparable size and culture with strong family led roots. In joining forces, the agreement provides Group with an increased competitive edge as well as adding a broader range of resources for customers in the UK.
The ‘Green Energy Recovery’ maximising UK content
The new partnership will offer customers a wide range of solutions from production of large steel structures to complete turnkey solutions from concept to commissioning. Rosetti and GEG share a common goal to lower the cost of energy for developers and ultimately consumers, whilst boosting local content in the UK as part of the UK’s ‘Green Recovery Strategy’.
As the size of fixed offshore wind farms increase coupled with the pending emergence of commercial scale floating offshore wind which will open up access to sites located in deeper and more remote locations, this new partnership will offer developers a trusted partner to deliver design, maintenance and fabrication solutions for large offshore substations maximising UK content.
A recent report published by The Oil and Gas Authority’s (“OGA”) in collaboration with Ofgem, The Crown Estate and the Department for Business, Energy and Industrial Strategy (“BEIS”) highlighted the opportunity for the integration of offshore energy systems, including oil and gas, renewables, hydrogen and carbon capture and storage to deliver approximately 30% of the UK’s total carbon reduction requirements needed to meet the 2050 net zero target. This means the UK Continental Shelf (“UKCS”) could support, in combination with complementary investments in onshore energy infrastructure, around 60% of the UK’s decarbonisation requirements.
Rosetti and GEG intend to offer technical and fabrication solutions to customers who are actively helping the UK achieve its 2050 net zero target, with a strong focus on UK local content.
Newly appointed CEO for GEG, Tim Cornelius commented:
“The UK Continental Shelf has the potential to make a deep and meaningful impact on the UK’s overall net zero target. Sharing existing expertise and infrastructure from the oil and gas industry with the offshore wind industry will be integral in the development of a world class supply chain to support developers and owners of large-scale UK projects.
Rosetti is a world class partner in the energy sector who are also dedicated to the energy transition journey and we are delighted to have formed this strategic relationship with them to strengthen our offering to utilities, energy companies, developers and owners of assets and projects in UK waters.”
Commenting on the collaboration, Stefano Cappelli, Chief Commercial Officer said:
“GEG share the same attitude and outlook towards the development of renewable energy and we are confident that our combined competences will consolidate our presence in this market. We are laying the foundations for what I am certain will be a successful and fruitful partnership and this strategic alliance will allow us to offer first class EPC services to the UK energy sector.”