Saipem expands floating wind capability in France

June 8, 2021
Saipem has agreed to acquire Paris-based Naval Energies’ floating wind business.

Offshore staff

SAN DONATO MILANESE, ItalySaipem has agreed to acquire Paris-based Naval Energies’ floating wind business.

The transaction comprises Naval Energies’ engineering expertise in floating units, modeling and simulation, and intellectual property rights.

Saipem has had a presence in France since 2002 via its subsidiaries Saipem SA and Sofresid Engineering, and has also established a New Energies business unit within its E&C Offshore Division.

Naval Energies, with over a decade of experience in floating offshore wind, has developed a semisubmersible floater concept. Completion of the transaction is subject to relevant administrative authorizations.

Mauro Piasere, Head of Saipem Offshore New Energies Business Unit, said: “With this acquisition, we are expanding our technology portfolio and we position Saipem in the competition for the award of the floating wind project of Groix & Belle-Île, in France, for which we will leverage on our recognized expertise in executing turnkey projects, at the service of EOLFI.

“The know-how we are acquiring further strengthens our position in the market of offshore renewables, specifically floating wind.”

Jean-Yves Battesti, executive chairman of Naval Energies, added: “We have every confidence that this new technological center, whose teams will be located in Nantes and Brest in particular, will be able to promote this promising industry in Brittany, in the Pays de la Loire but also in France and globally.”