SBM and Technip form floating wind joint venture


March 14, 2024

Dutch group SBM Offshore and French engineering firm Technip Energies are forming a 50:50 joint venture called EkWiL to support the installation of floating wind projects.

The firms said EkWiL would combine their complementary expertise and technologies to improve the cost-competitiveness of floating wind projects and make it easier to take projects to commercial deployment.

Bruno Chabas, chief executive of SBM Offshore, said: “Our aim is to become a recognised 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.”

Arnaud Pieton, chief executive of Technip Energies, said: “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.”

The joint venture is subject to consultation and requires regulatory approval.

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