Dutch construction-services business Royal BAM Group nv is exiting its activities in the offshore wind foundations market as part of an ongoing portfolio review.
BAM announced the decision in its results for the first half of 2019 where the Bunnik-headquartered group also reported an impairment charge of EUR 10.3 million which represented the impairment of intellectual property following the decision to withdraw from the market for offshore wind foundations.
Most recently, BAM’s two subsidiaries, BAM Nutall and BAM Infra, were in charge of designing, fabricating, and installing five full-size gravity-based foundations on the 41.5MW Blyth Offshore Demonstrator Project.
In the civil works segment, BAM Nutall secured two significant contracts in the UK earlier this year.
In May Siemens selected BAM Nutall as the main contractor to complete the civils work on the onshore substation phase of the 860MW Triton Knoll offshore wind farm project in the UK. Back in July, Siemens selected BAM Nutall to be the main subcontractor to complete the civil works for the onshore substation of the 950MW Moray East wind farm in Scotland.
The subsidiary was also the principal contractor for the renovation works on two buildings at Wick Harbour in Scotland which will serve as the O&M base for the 588MW Beatrice offshore wind farm.