SBM Offshore and Technip Energies are thrilled to announce a significant milestone in the realm of offshore wind energy. Through a collaborative effort, the two industry leaders have forged a Memorandum of Understanding to establish a groundbreaking joint venture entity named EkWiL. This venture marks a pivotal moment in the Floating Offshore Wind (FOW) sector, ushering in a new era of innovation and sustainable energy solutions.
EkWiL will serve as a premier FOW pure player, offering a diverse array of cutting-edge solutions tailored to meet the evolving needs of clients. By harnessing the combined expertise, engineering prowess, and complementary technologies of SBM Offshore and Technip Energies, EkWiL is poised to deliver integrated floating solutions that set new standards in the industry.
The joint venture, operating on a 50/50 basis, will function as a cohesive team, pooling knowledge, innovation, and resources to develop and commercialize two leading-edge technologies: the Semi-submersible INO15 by T.EN™ and the Tension Leg Platform Float4Wind®. These technologies cover a broad spectrum of the Floating Offshore Wind market, offering unparalleled execution certainty and cost competitiveness to propel the sector forward.
Bruno Chabas, CEO of SBM Offshore, expressed the company's commitment to becoming a prominent contractor in the development of floating offshore wind infrastructures. Collaboration, he emphasized, is integral to realizing these ambitions sustainably while navigating the complexities of infrastructure development and economics.
Arnaud Pieton, CEO of Technip Energies, echoed this sentiment, highlighting the necessity of collaboration to unlock the potential of the burgeoning floating offshore wind market. By leveraging synergies and supply chain experience, EkWiL aims to enhance predictability, meet market demand, and deliver innovative energy solutions.
While the creation of EkWiL represents a significant step forward, there are several matters that require attention for the completion of transactions. These include due diligence, consultations with employee representative bodies, and securing regulatory approvals.
About SBM Offshore and Technip Energies
SBM Offshore is a leading provider of offshore floating facilities for the energy industry, dedicated to driving a responsible energy transition by reducing emissions and developing cleaner energy solutions. Technip Energies, on the other hand, is a leading Engineering & Technology company for the energy transition, specializing in LNG, hydrogen, and sustainable chemistry.
In conclusion, the collaboration between SBM Offshore and Technip Energies represents a significant leap forward in the quest for sustainable energy solutions. Together, they are poised to revolutionize the offshore wind industry, paving the way for a cleaner and brighter future.
Investment Disclaimer:
Investing in companies involved in the renewable energy sector, including offshore wind energy, carries inherent risks. Investors should conduct thorough research and consider factors such as market conditions, regulatory changes, and project viability before making investment decisions. Consultation with a financial advisor is recommended to assess individual investment goals and risk tolerance.