A fabrication yard at Arnish on the Western Isles is expected to re-open with an injection of new investment.
Parts for a Pelamis wave energy machine were built at Arnish
Operator Camcal went into receivership late last year.
Altissimo Limited, which is headed by a Dutch/Swiss redevelopment company Business Creation Investments, is to relaunch the company.
Camcal delivered three main tubular sections for wave machines in Portugal and provided two towers for an experimental offshore wind farm.
However, despite the drive towards more renewable energy the operator struggled with financial problems.
Altissimo has acquired the assets of the former yard owners and has decided to retain the Camcal title.
Dutch wind turbine manufacturer EWT has agreed to allow the revitalised operator to manufacture 16 wind towers at Arnish, a contract which has lain dormant since the former Camcal went in to administration.
Managing director of the re-opening yard - Jimmy Ferguson from Stornoway - said the company will employ 10 people immediately.
Camcal was formed in April 2004
Two towers, one shown above, for an offshore wind farm were built at the yard
At its height the yard employed about 100 workers
Mr Ferguson added that the "new" Camcal will learn from the experience of the past and take a more planned, sustainable route.
Camcal going into receivership had an unexpected side effect last October.
Parts of a steel tower for a wind farm in the Western Isles were lost overboard from a ship in the North Sea.
They were being transported from Denmark on the German-registered Lass Moon to Lewis.
The towers should have been built on the island but the contract was taken away after the yard near Stornoway got into financial difficulties.