UK’s leading provider of temporary power secures funding for offshore renewables service vessel with the help of Lombard.
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About Manor Renewable Energy
Established in 2013, Manor Renewable Energy is one of UK’s leading providers of contemporary power, servicing the growing offshore wind, wave and tidal industry. Based in Portland, Dorset, their all–encompassing service includes state of the art refueling vessels and purpose-built generators supported by technicians and crew.
What did they want to achieve?
Manor Renewable Energy wanted to build their own specifically designed service vessel with larger tonnage capacity and more crew members, one that would allow them to support next generation wind farms further offshore in addition to satisfying the needs of current offshore sites around Europe.
How we helped
Director Eric Briar approached Lombard after going out to other providers, as Manor Renewable Energy had been happy with the service and structuring of a flexible and non-complex deal previously. Lombard Commercial Marine Team had several meetings with Manor Renewable Energy and Manor Marine UK limited to understand their needs.
Lombard supported Manor Renewable Energy with a pre-delivery payment facility for during the build period of the new vessel.
“We are Mariners and engineers, not financiers but Lombard were great, they made it happen and it was painless.”
Director, Manor Renewable Energy Limited