Saipem, Seaway7 collaborate to pursue offshore wind projects in U.S., Europe

(WO) — Saipem and Seaway7 have entered into a commercial collaboration agreement to jointly identify, bid and execute fixed offshore wind projects.

Saipem and Seaway7 will pursue selected projects where the combined utilization of the companies’ complementary world-class assets, technologies, products and competencies will generate significant synergies and improve project economics.

Saipem and Seaway7 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. The companies will also install substations and wind generator turbines. The target offshore wind projects are large integrated turnkey developments in Europe, the UK and the U.S., 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 optimize design and execution strategies, and to secure critical enabling assets, including vessels and yards.

Stuart Fitzgerald, Chief Executive Officer at Seaway7 commented, “We are very pleased to partner with Saipem for this cooperation which builds upon the successful collaboration on the Seagreen project. Working together, we will be well-positioned to efficiently utilize complementary assets and capabilities to create differentiated technical solutions and further optimize project execution. Importantly, the strengthened offering will also expand the potential market for EPCI opportunities through our combined fleet and expertise”.