Sheffield Green enters JV to open training centre in Malaysia

The group will own a 45% share in the JV company.

Sheffield Green’s wholly-owned subsidiary Wind Asia Training Pte. Ltd. (WATPL) has entered into a joint venture agreement with Oceancare Technical Training Centre Sdn Bhd to operate and manage a training centre in Miri, Sarawak that will offer Offshore Petroleum Industry Training Organisation (OPITO) and the Global Wind Organisation (GWO) accredited courses in Malaysia.

The JV Company will have a registered office in Miri, Sarawak, Malaysia and will be registered with the Malaysian Companies Commission.

WATPL will own 45% share in the JV whilst Oceancare will own the the majority at 55%.

Sheffield Green previously opened a training centre for offshore wind power in Taiwan in 2024.

The entry into the JVA will be funded by Sheffield Green’s internal funds and, at present, is not expected to have any material impact on the group’s net tangible assets and earnings per share of the group for the current financial year ending 30 June 2025.

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