MEMBER NEWS: Marex secures extension to East Anglia windfarm contract

October 30, 2023
MEMBER NEWS: Marex secures extension to East Anglia windfarm contract

Aberdeen-based risk consultancy secures extension to ScottishPower Renewables 102-turbine windfarm off the Suffolk coast.

Marex has secured a one-year extension with ScottishPower Renewables to provide marine services for its East Anglia windfarm.

The extension is from an initial two-year contract covering all marine services for the operations and maintenance of the East Anglia ONE windfarm off the Norfolk coast.

Marex, an Aberdeen-based risk management consultancy, opened an office in Lowestoft to support the regional growth, which recognises the significant steps the company has been making in its diversification into green energy.

Significant impact

Wayne Henderson, managing director at Marex, said: “We are proud to be part of the East Anglia ONE project that is delivering such a significant impact on the UK’s low carbon future.

“We look forward to continuing our relationship with the efficient, safe and successful operation of the windfarm development, as well as bringing our risk-focused approach – developed over 25 years in offshore operations – to future projects.

“More than 80% of our clients have been with us for more than 10 years so we’re all about working in the long term.

“Four years ago, 95% of our business was in oil and gas in the North Sea. It is now 60% oil and gas and 40% renewables.

“ScottishPower Renewables shares our firm belief that effective risk management delivers significant and measurable business advantages that drive both performance and value.”

East Anglia ONE is playing a major part in contributing to the UK’s target of meeting Net Zero by 2050. The 102 wind turbines – situated 43km off the Suffolk coast – have the capacity to produce 714MW of clean energy. Each year, the windfarm will produce enough renewable energy to power the equivalent of more than 630,000 homes.

Get in touch

AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise