Subsea7 consolidates wind unit
UK based engineering, construction and offshore services specialist, Subsea7, will be consolidating its renewable energy division into its 50% owned joint venture, Netherlands based Seaway Heavy Lifting (SHL).
The company says that the consolidation will rationalise Subsea7’s offering to the renewables market and enable SHL to broaden its range of services and target larger projects.
Jean Cahuzac, chief executive officer, Subsea7, said: “The combination of Subsea7’s engineering, project management and offshore delivery expertise with SHL’s existing capability in transport and installation of marine structures will create a company with the resources to better compete in the growing offshore renewables sector.”
Subsea7 established its renewable energy division in 2011, principally targeting offshore wind projects in Europe. SHL has established a track record of successfully delivering offshore wind installation projects including the Greater Gabbard, Sheringham Shoal and Gwynt-y-Mor projects offshore UK, and the Riffgat and Borkum West II projects offshore Germany.
In addition to this, Jan Willem van der Graaf, formerly Subsea7’s senior vice president for renewable energy, will become the new chief executive of SHL, following the announcement that current chief executive, Martin Spaans, will be stepping down after more than twenty years with the company.
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