A GLOBAL energy giant has snapped up a Dorset-based renewable energy company in its largest acquisition so far.

Global offshore services business, OEG Offshore, 'massively broadened' its renewables capability by acquiring Manor Renewable Energy, which is headquartered on Portland.

Acquisition of the temporary power, engineering and vessel business, which boasts group turnover in the region of £30m, took place on Tuesday, January 25.

Manor Renewable Energy (MRE) says by joining the OEG group supports its plans to grow to a £60m‐turnover business as it eyes the 'huge opportunities' to build on the foundations laid over the last 9 years; with overseas operations experience across Europe and more recently, Taiwan. MRE is also looking to extend its presence in the Far East, as well as breaking into the US market.

MRE, which has bases at Portsmouth, Glasgow and Hull, is best known for its temporary power solutions, with its biggest contract on the Orsted’s Hornsea 2 project, the world's largest offshore windfarm off the Yorkshire coast, and the support and maintenance of over 150 generators offshore.

Former mariners Eric Briar and Toby Mead founded MRE in 2013, initially focusing on temporary power solutions for the burgeoning offshore wind sector, before expanding into engineering and vessel solutions following their purchase of the Dorset based shipyard, Manor Marine.

Now, the business has five owned specialist offshore support vessels and two chartered, including a dynamically positioned vessel. Plans for a hydrogen vessel are in the early stages, while it is also working with industry partners on autonomous vessels.

MRE chief executive officer, Mr Briar, said: “We are pleased to see this acquisition completed and look forward to strengthening MRE within the overall OEG group through access to accelerated investment plans and using OEG’s global platform of locations across six continents to internationalise our business.

“We have developed a strong position in the construction side of offshore renewables and wish to build upon those foundations to develop an increased proportion of our revenues from the operations and maintenance part of an offshore wind projects lifecycle.”

Dan Greeves, OEG’s head of renewables, said: “We see Manor Renewables Energy as a focal point to build our topside business and key to our strategy of becoming fully integrated. It is our largest acquisition to date and fits into developing a full set of topside services alongside PWS and Fern.

“We are already bidding for projects with multiple services on offshore wind projects and, by our acquisition strategy, can offer technical experts in each of the fields in the package."

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