– SBM Offshore and Technip Energies sign a partnership agreement to form EkWiL, a joint venture entity for floating offshore wind
– EkWiL will combine expertise and technologies of both companies to offer integrated floating solutions for the FOW market
– Emphasis on collaboration, synergies, and necessary steps for completion of the transaction and regulatory approvals.
SBM Offshore and Technip Energies have formed a joint venture entity called EkWiL, focusing on offering a wide range of solutions in the floating offshore wind (FOW) market. This new company will combine the expertise, engineering capabilities, and technologies of both companies to provide integrated floating solutions for FOW projects. By bringing together complementary technologies, EkWiL aims to enhance execution certainty and cost competitiveness for these innovative projects, ultimately becoming a recognized leader in developing floating offshore wind infrastructures.
The 50/50 joint venture will operate as a fully integrated team, leveraging the leading-edge technologies of both companies to cover a large spectrum of the FOW market. By collaborating and sharing their knowledge and capacities, EkWiL seeks to meet market demand, increase predictability, and deliver new energy solutions in line with their energy transition commitment. The completion of the transaction is subject to satisfactory conclusion of due diligence, consultations with employee representative bodies, and obtaining necessary regulatory approvals.
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