Technip Energies and Equinor Enter into Strategic Collaboration to Accelerate Floating Offshore Wind Development
June 16, 2022
The strategic collaboration between Equinor, as a leading developer of floating offshore wind, and Technip Energies (PARIS: TE) as a complete solution provider for floating offshore wind, was signed at the Seanergy conference in Normandy, France. Both companies aim to develop substructuresSEMI steel floating wind turbines that will help accelerate the technological development of floating offshore wind, reduce costs and generate opportunities for local value creation.
This collaboration is based on the common ambition of the two companies to lead the industrialization of floating offshore wind power. By partnering in the early design phase of a floating wind farm project, the two companies intend to take advantage of the integration and maximum utilization of manufacturing capacities.
Laure Mandrou, Senior Vice President Carbon Free Solutions at Technip Energiessaid : “We believe that the partnership model is essential to achieve the objective net-zero.We are proud to enter into this strategic partnership with Equinor, a long-time customer with whom we share a common vision and commitment: to create a low-carbon future. This agreement extends our recent collaboration in the field of floating offshore wind, driven by remarkable synergies linked to the combination of the respective experiences of Technip Energies and Equinor in the development of technologies and the realization of revolutionary projects. »
Beate Myking, Senior Vice President of Renewable Solutions at Equinorsaid : “We are pleased with our collaboration with Technip Energies, which allows us to strengthen and develop our resources available in floating to offer customized and locally adapted industrial solutions for future floating offshore wind projects. »
The growth of renewable energies is necessary for a successful energy transition. Much of this growth will come from floating wind, as nearly 80% of offshore wind resources are in deep waters that require a floating wind solution. While costs have already come down significantly, there is still some way to go for floating technology to become commercially viable. From building the world’s first floating turbine, Hywind Demo, to the world’s first floating wind farm, Hywind Scotland, Equinor has reduced the cost per megawatt by 70%. The strategic collaboration between Technip Energies and Equinor will contribute to the industrialization of floating offshore wind solutions.
About Technip Energies
Technip Energies is a leading engineering and technology company serving the energy transition, with leading positions in Liquefied Natural Gas (LNG), hydrogen and ethylene and with a strong presence in the markets growing by
blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its strong project delivery model, supported by an extensive offering of technologies, products and services.
With a presence in 34 countries, our 15,000 employees are fully committed to bringing our customers’ innovative projects to life, pushing the limits of what is possible to accelerate the energy transition towards a better future.
Technip Energies is listed on Euronext Paris with American Certificates of Deposit (“ADR”) traded over-the-counter in the United States.
For more information https://www: .technipenergies.com
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