Seajacks eyes Asian offshore wind

The Japanese owners of UK-based offshore wind installer Seajacks have set up a new subsidiary in Asia to vie for work in the emerging offshore sector there.

Japanese conglomerate Marubeni and state-backed private-equity group INCJ have established Seajacks Japan as a wholly-owned unit of the company.

Seajacks primarily supplies and operates jack-up vessels in Europe’s offshore wind, oil and gas sectors.

Marubeni now plans to take the company's expertise into the fledgling Asian offshore wind market.

“There are several projects in Japan and many more in other Asian countries planned with the back-up of governmental support,” it said.

Marubeni acquired Seajacks International in May 2012 in conjunction with INCJ, a public-private partnership overseen by Japan’s Ministry of Economy, Trade and Industry of Japan (METI).