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VARD AND OCEAN INSTALLER FORM OFFSHORE WIND JV

Monday, September 14, 2020 

Ocean Installer and Fincantieri Group company Vard are entering into a partnership to develop an advanced turbine installation vessel for offshore wind.

Erik Haakonsholm, GM Vard Group Offshore and Specialised Vessels, said: “We will jointly be developing one of the world's most advanced vessels for installation of future offshore wind turbines, which are too large for the existing turbine installation fleet. By being able to install wind turbine components above 1,000t more than 150m above sea level, this ship is expected to be highly attractive for construction of big international wind farms in the coming years.”

“This all-Norwegian collaboration between subsea contractor Ocean Installer and the Vard shipyards builds on experience, quality standards and efficiency developed over years of work on the Norwegian Continental Shelf,” said Odd Strømsnes, CEO Ocean Installer.

The new vessel will be able to install future giant wind turbines offshore. Vard has experience in design and construction of complex offshore construction vessels and advanced special purpose ships. The current project portfolio includes the REV Ocean research and expedition vessel as well as other highly specialised and autonomous zero-emission vessels.

Strømsnes reports that Ocean Installer is already prequalified for certain large offshore wind projects and is participating in tenders in the USA and Europe for both Norwegian and international energy companies.

“Such change of direction is very important for traditional Norwegian oil and gas supply chain, which long term will have to replace its existing business with something else,” he said. “We currently have high expertise and solid revenues from oil and gas, and these resources are now dedicated to establish us as a leading player within the offshore wind space.”

To lead this initiative, Ocean Installer has recruited several key people from the sector. These include Even Larsen, former CEO of Fred Olsen Ocean, and Olav Hetland, former VP for offshore wind power at Statkraft.

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