£300 million investment in the Port of Ardersier to accelerate decommissioning site plans
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Plans to redevelop the Port of Ardersier as a major energy transition facility took a huge step forward with a £300 million investment and the creation of a new parent company called Haventus.
US private equity firm Quantum Energy Partners will make the multi-million pound investment in the 450 acre port after appointing a former BP executive Lewis Gillies as chief executive.
Dredging work is already underway at the site for the creation of a new quay to facilitate the decommissioning of North Sea oil rigs at the McDermott yard that used to build the structures and will now decommission them.
The strategic investment by Quantum – a US investment firm that provides private capital to the global energy industry – will accelerate work to unlock the port’s potential not just for decommissioning but also deploying offshore wind installations.
That means improving the port’s infrastructure and significantly extending its quay to realise the 450 acres of fully un-utilized operating area will enable Ardersier to provide capacity and services to the offshore wind and North Sea decommissioning.
The scale and project timeline for the ScotWind programme, some 28 GW of offshore generation capacity to be deployed in the next decade, demands major additional port capacity according to the Floating Wind Offshore Wind Taskforce.
Clearing the North Sea of redundant oil and gas platforms will involve over 1.3 million tonnes of infrastructure being brought onshore over the next decade, according to Offshore Energies UK’s Decommissioning Insight report 2022.
It is anticipated that thousands of construction jobs could be created in addition to the ongoing employment opportunities for deployment, and subsequent maintenance, of the offshore wind fleet and decommissioning of redundant North Sea assets.
Previously on a visit to the site Liberal Democrat leader Ed Davey and local MP Jamie Stone were told that as many as 2000 jobs could be created by the end of 2024 if all went well.
What the key player said
Michael MacDougall, a partner in Quantum
“Quantum is delighted to invest in this exciting next phase of development at Ardersier – a project that aligns with our mission to drive decarbonization.
“The site’s scale and geographical location means it is ideally positioned to become a leading European hub for offshore renewable energy. Lewis Gillies brings exceptional knowledge and experience, and cares deeply about the energy transition opportunity ahead for Scotland and the UK.”
Steve Regan and Tony O’Sullivan, Founders, Ardersier Port
“This investment by Quantum and securing the appointment of a CEO of Lewis’ calibre is a clear endorsement of our vision for Ardersier Port to transform a national asset into a key energy transition facility.”
Lewis Gillies, CEO of Haventus, Ardersier Port’s parent company
“It is a privilege to be asked to take on the role of CEO. The investment will bring jobs and growth to the Highlands economy. Ardersier will provide a vital facility for the deployment of the offshore wind industry and enable the domestic decommissioning of redundant oil and gas assets. I am delighted to return to Scotland to lead this important project and look forward to working with Tony, Steve, and team to achieve Ardersier’s potential.”
Fergus Ewing, MSP for Inverness and Nairn
“I warmly welcome the announcement of this major investment. The site has a long history in oil and gas fabrication. Now the investment will be in renewables. This will create opportunities in the Highlands especially for young people. I welcome the commitment to work with local communities. This planned investment also further strengthens the case for dualling the A96 from Inverness to Aberdeen.”
Drew Hendry, MP Inverness, Nairn, Badenoch & Strathspey
"Ardersier Port is a key site that has lain dormant for too long, so it is great news to see this commitment and such a significant investment being made, especially as it is another big contribution towards the just transition to renewables from the Highlands.
“The plans cannot be underestimated in terms of the potential for jobs and strengthening the local economy; it also further underlines the attractiveness of the Highlands as the place for the future of energy."
