ALTHOUGH described as a shipbuilder, Spanish company Navantia has diversified and is now heavily involved in the production of offshore energy structures and may well benefit from the large handout that Spain has received from the European Union.
As the company specialises in Naval shipbuilding, it can’t be guaranteed regular work, especially with so many countries suffering financially so it has had to look at other areas of production.
Spain is committed to boost the economy but also to invest in clean energy and this is where Navantia could reap real financial benefits as it has been expanding its wind turbine arm which started in 2014 and is ideally placed to produce whatever is needed for the Spanish market.
Both solar power and land-based wind turbines are a regular sight across the Iberian Peninsula, offshore wind farms are still very much in their infancy but the company has produced bottom fixed machinery for 10 projects so far and is now investigating the possibility of floating versions.
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