Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTJune 16 (Renewables Now) - Norwegian energy group Equinor ASA (NYSE:EQNR) and French engineering group Technip Energies NV (EPA:TE) have signed a strategic collaboration to develop floating wind steel semi substructures, the two said today.
The partnership, signed during the Seanergy conference in Normandie, France, brings together a floating offshore wind developer and a supplier of floating offshore wind substructures. Together they aim to accelerate floating wind technology development and facilitate cost reductions.
According to Equinor, technological development together with suppliers is crucial to the commercialisation of floating wind. The company says that it is technology agnostic and that the floating concept of choice will differ according to geographies.
“We have already started to see early signs of value creation from this way of working in our early-phase floating wind projects in Southern Brittany in France and Firefly in South Korea,” said Beate Myking, senior vice president for Renewables Solutions in Equinor.
The executive also said that the collaboration with Technip Energies “allows us to further leverage and develop our floating toolbox to customise locally adapted industrial solutions for future floating offshore wind projects.”
Equinor built the world’s first floating turbine, Hywind Demo, and operates the world’s first floating wind farm, 30-MW Hywind Scotland, and will soon operate the 88-MW Hywind Tampen offshore Norway.
Weekly renewables M&A round-up (Jun 27-Jul 1)
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