By John Smith • 23 October 2020 • 15:35
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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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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