Seaway7 has entered into a commercial collaboration agreement with Saipem to jointly identify, bid and execute fixed offshore wind projects going forward.
As part of the agreement, the pair said they will pursue selected projects where the combined utilisation of the companies’ complementary assets, technologies, products and competencies will generate significant synergies and improve project economics.
“The agreement with Seaway7 represents an important milestone to offer a more competitive value proposition to our clients on certain integrated fixed wind projects,” said Gianalberto Secchi, chief operating officer of the offshore wind business line at Saipem.
”Together, we will be able to provide a full set of services for wind farms in line with Saipem strategy to best serve the growth in renewable power production projects.”
The companies will deploy key enabling assets and capabilities to cover activities such as front-end engineering design (FEED), procurement, construction, transportation and installation of foundations and inner-array cables, as well as the installation of substations and wind generator turbines.
Target projects are large integrated turnkey developments in Europe, the UK and the US, with the possibility of expanding to other geographic areas.
The collaboration will enhance operational flexibility and enable early engagement with both clients and the supply chain to optimise design and execution strategies and to secure critical enabling assets, including vessels and yards.
It’s a partnership which builds on the work the two companies have been doing together at the Seagreen 1 offshore wind farm, Scotland’s largest, and the world’s deepest, fixed-bottom offshore windfarm, which is due to complete this year.
Saipem’s 7000 semi-submersible crane vessel returns to the Seagreen site in March, where it will work with Seaway 7 transporting the jackets on barges from the Port of Nigg to the construction site located 27 kilometres off the Angus coast.
“We are very pleased to partner with Saipem for this cooperation which builds upon the successful collaboration on the Seagreen project,” said Stuart Fitzgerald, chief executive officer at Seaway7.
“Working together, we will be well-positioned to efficiently utilise complementary assets and capabilities to create differentiated technical solutions and further optimise project execution. Importantly, the strengthened offering will also expand the potential market for EPCI opportunities through our combined fleet and expertise.”