Stiesdal Offshore and Maersk Supply Service tie-up for turnkey floating wind foundations

Pioneering Danish floating wind player Stiesdal Offshore has set the seal on a strategic cooperation deal with compatriot maritime contractor Maersk Supply Service (MSS) to offer turnkey engineering for foundation and mooring solutions for deepwater projects in the emerging offshore sector.

The tie-up’s EPCI (engineering, procurement, construction and installation) approach is meant to “streamline the value chain, facilitating fast-track installations and ultimately bringing down the levellised cost of floating wind”, said the two companies announcing the partnership.

“I am confident that with the combined capabilities of the two companies we can fulfil a significant share of the ambitious targets being set for floating wind in the coming decade.”

MSS CEO Steen Karstensen said: “With this partnership, we want to offer our customers a combined EPCI solution for floating wind foundation design, fabrication, assembly and installation. We believe this will simplify the value chain in the growing floating wind sector, which is still in the early stages, but which will also by necessity see rapid expansion and growth in the coming decade.”

“This collaboration enables seamless interfacing between foundation design, fabrication and assembly execution, and offshore installation,” according to the two companies.

“Through pre-existing, fully worked-out base solutions, the partnership will allow faster and more robust optimisation for specific project needs and will facilitate shorter overall project durations, reduced working capital cycles, smoother foundation fabrication to installation, and overall reduced risk and improved project delivery.”

The tie-up is structured so that MSS will act as lead contractor on projects carried out as part of the collaboration, with Stiesdal Offshore acting as subcontractor to the larger company.