Visit for the latest on our upcoming conferences and webcasts

United Kingdom

United Kingdom

Uncertain onshore market forces Mabey Bridge to close renewables unit

UK: Uncertain market conditions have forced tower fabricator Mabey Bridge to close its renewables division after failing to find a buyer.

Mabey Ridge has manufactured towers for UK wind projects
Mabey Ridge has manufactured towers for UK wind projects

The company announced last December that it was looking for a buyer for its renewables division following a review of the group's businesses.

Mabey Bridge chairman Juliette Stacey blamed "uncertainty of market conditions for the UK onshore wind industry" as a main reason for the decision.

The company said it had been in discussion with firms from the UK and abroad about a takeover.

One company had been in exclusive conversations but Mabey said: "It became apparent at the end of last week that the deal was not going to reach a successful conclusion."

The firm said it would honour its current contracts, which are due for completion in September 2015.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs