Galetech acquires Northern Ireland company to extend wind turbine life

Cavan-based renewable energy consultancy Galetech has acquired Northern Ireland-based Precision Gear Company to extend the life of its current fleet of turbines.

recision Gear Company currently specializes in international collection, servicing and refurbishing of gears. Gears are the most expensive component in a turbine and also the most difficult part to repair.

After the acquisition, Precision Gear Company becomes Optigear

The company, previously owned by Macrete Ireland, will continue to serve its customers in the European and UK wind, rail, marine and mining sectors.

It will also work closely with another Galetech company, Optienergy, which provides operation and maintenance services to the renewable energy industry.

As part of the transaction, the newly founded company Optigear will also offer the management and storage of turbine components.

Following the acquisition, Galetech also unveiled plans for a renewable components center to be located in the UK or Ireland. This new center, an investment worth 5 million euros, will enable real-time replacement of infrastructure components.

Galetech described the current renewable energy component network as “disconnected and logistically difficult” as repair and overhaul services were previously only available in continental Europe.

The company said: “This geographic barrier has resulted in Ireland remaining on the periphery of many renewable energy implementation and improvement processes.”

Turbine operation and maintenance fees typically represent between 10 and 35 percent of the total cost per kilowatt hour generated over the life of the turbine.

“In the near term, Optigear will help customers extend the life of their critical components by keeping wind turbines online longer than would otherwise be possible,” said Gaeletech CEO Darren Sherry.

“In the medium term, our investment in a new testing facility will bring quality to a level only found with OEMs (Original Equipment Manufacturers) and currently unavailable in the Isle of Ireland,” he added.

“As the turbine scale grows, we see this research and test facility as a key element in reducing downtime for our customers.”

https://www.independent.ie/business/irish/galetech-acquires-northern-irish-firm-to-extend-life-of-wind-turbines-41944193.html Galetech acquires Northern Ireland company to extend wind turbine life

Fry Electronics Team

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