SBM Offshore and Technip Energies form Floating Offshore Wind Joint Venture EkWiL

SBM Offshore, with headquarters in Schiedam, the Netherlands, and Technip Energies have signed a Memorandum of Understanding for the creation of a floating offshore wind dedicated joint venture entity, EkWiL.

EkWiL will create integrated floating solutions and leading delivery offerings for the Floating Offshore Wind market. The 50/50 JV will operate as a fully integrated team, bringing together knowledge, innovation and capacities to develop the two leading-edge technologies (Semi-submersible INO15 by T.EN™ and Tension Leg Platform Float4Wind®) covering a large spectrum of the Floating Offshore Wind market, and bring them to commercial deployment.

“Our aim is to become a recognized leading contractor in developing floating offshore wind infrastructures. Collaboration is fundamental to position our ambitions sustainably while managing the pace of infrastructure development and the challenging economics of these pioneering systems. We are pleased to share our experience with the right partner, broadening the range of solutions and reinforcing our energy transition commitment.”

Bruno Chabas, CEO of SBM Offshore

“Joining forces and collaborating are necessary to capture the potential of the nascent floating offshore wind market. By leveraging the synergies of complementary technologies and supply chain experience, EkWiL will increase predictability to meet market demand and deliver on our ambition to provide new energy solutions.”

Arnaud Pieton, CEO of Technip Energies

The completion of the transaction is subject to matters such as satisfactory conclusion of due diligence, engagement with employee representative bodies to complete relevant consultations, and having in place all necessary regulatory approvals. Source: SBM Offshore

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