Global targets £500m turnover as it capitalises on Scotland’s energy transition

Global targets £500m turnover as it capitalises on Scotland’s energy transition

Roy MacGregor

Scottish-headquartered energy and infrastructure heavyweight Global Energy Group (GEG) has announced a robust set of year-end financials, with revenue climbing to £330 million from £253m the previous year.

The Inverness-based group, which recently underwent a major rebranding and strategic reorganisation, saw earnings before interest, tax, depreciation, and amortisation (EBITDA) rise to £34m, driven largely by significant activity within Scotland’s renewable energy and infrastructure sectors.

A key driver of this growth was the group’s involvement in major Scottish wind developments. Before divesting its interest in the Port of Nigg to Japanese partners Mitsui and MOL, Global established the site as a premier renewables hub, facilitating the completion of the Moray West Offshore Wind projects and pre-assembly for the Neart na Gaoithe (NnG) development. The group continues to support grid upgrades across the nation through Global Infrastructure, notably delivering major SSE warehouse projects in Inverness and Dundee, alongside critical civil works at Dounreay in Caithness.

Looking to the future, the group has committed to a hybrid investor-operator model aimed at supporting the energy transition. This ambition is underscored by plans for a new 2,000 m sq state-of-the-art headquarters within the Inverness Campus Freeport zone.

Chairman Roy MacGregor has outlined the company’s growth plans: “We recently shared our new brand and vision which sets our course for the next five years during which a move toward a hybrid investor/operator model, with a people- and technology-led solutions provision, will nearly double our turnover.

“By exploring new markets and synergies between group companies, creating hundreds of new, long-term skilled employment opportunities across Scotland and beyond, we will grow revenue from the current £300m to £500m within three years.”

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