in London
Development work on the £1.8 billion ($2.5 billion) Neart na Gaoithe (NNG) wind farm off Scotland has run into difficulties amid a commercial negotiation between project developer EDF Renewables and main construction contractor Saipem linked to soil and foundations.
The Italian contractor revealed during its fourth-quarter results call with analysts on Thursday that it is facing “slow progress on a project in the North Sea” in the offshore renewables sector, which “outweighed positive developments”.
Saipem did not name the project involved but Upstream understands it is the 450-megawatt NNG, where the contractor was awarded its first ever turnkey offshore wind farm construction project in November.