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Bond support scheme underpins first offshore wind contract for
About the transaction:
Region
Sector Manufacturing, renewables
UKEF support Bond support scheme
PCT won a global tender to supply 54 davit cranes to produce wind turbines that will be installed at the 450 megawatt (MW) offshore wind farm off the Fife coast - PCT's first renewable energy contract.
PCT is an experienced exporter specialising in the production of lifting devices, including cranes, winches and hoists, with 90% of its revenue coming from overseas business.
International engineering company
The terms of PCT's contract with
Without UKEF's support we would have been unable to put the bonding in place, at this time, and couldn't fulfil the contract. I look forward to working with them as we continue to secure contracts in the renewable energy sector.
The success of PCT demonstrates UKEF's ability to support a range of contracts across a wide variety of sectors. Our bond support scheme continues to play a crucial role in ensuring
Putting the right finance and insurance in place can give you the exporting edge, helping you to win contracts, fulfil orders and get paid.
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