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Last Updated: Monday, 9 October 2006, 12:45 GMT 13:45 UK
Buyer poised for wave energy firm
Pelamis wave energy machine
The yard won a contract to help build Pelamis machines
An announcement that a buyer has been found for a troubled renewables firm in Stornoway is expected this week.

Camcal has run into severe financial problems and is in debt to businesses in the Western Isles.

However, it is understood a business consortium has shown interest in taking it over.

Wave energy machines for Portugal were built at the yard, which was also involved in work on huge towers for the Beatrice offshore wind farm.

Camcal has previously commented on the irony of its struggle to survive amid the global drive towards renewable energy.


SEE ALSO
Buyer doubts over renewables yard
07 Sep 06 |  Highlands and Islands
Talks on future of renewable yard
28 Aug 06 |  Highlands and Islands

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