Cyan Renewables, a Seraya Partners company, has acquired a stake in Sentinel Marine to strengthen its position in overseas vessels.

Cyan Renewables, a portfolio company of Seraya Partners, has reached an agreement to acquire a majority stake in Sentinel Marine to strengthen its market presence offshore wind from the UK and increase your local content.

The company, based in Singapore, is the first dedicated ship operator offshore wind of Asia and now owns 75% of Sentinel Marine, a marine operator of environmental response ships in the UK that has the youngest fleet of vessels emergency response and rescue systems (ERRVs) in the country. The acquisition consolidates Cyan Renewables' position in the market offshore wind.

Sentinel Marine and its contributions to the Offshore Wind Energy market

Sentinel Marine has stood out in the Offshore Wind Energy market, with a fleet of 13 vessels modern and high specification equipped offshore support facilities. A acquisition of Sentinel Marine's multi-purpose ERRVs will complement Cyan Renewables' vessel portfolio whilst placing the latter in a strategic position to bring its expertise to the UK offshore wind market.

By leveraging and expanding Sentinel Marine's expertise in marine life and biodiversity protection outside the UK, it will also create synergies in the Asian market to bolster marine conservation efforts, which is a significant step in supporting the global blue economy transition for the green economy. We welcome Cyan Renewables as our majority shareholder. With its strong financial capabilities, Sentinel Marine will be in a stronger position to grow, especially in the offshore renewable energy market,' said Rory Deans, CEO of Sentinel Marine.

With a strong management team and local know-how resources, Sentinel Marine is well positioned to pivot and capture a share of the UK's fast-growing offshore wind market. This acquisition allows Cyan Renewables to demonstrate its long-term commitment to supporting the local economy with substantial job creation and dynamic knowledge transfer. It is also in line with Cyan Renewables' goal of doubling our fleet through the acquisition and construction of new vessels in the coming years,' added Lee Keng Lin, founding CEO of Cyan Renewables. Abroad, Vessels, Mergers and acquisitions, Renewable energy, Industry news, Activity, Europe, Substantial employment, Dynamic knowledge transfer, acquisition