Technip Energies and Equinor enter strategic collaboration to accelerate floating offshore wind

The collaboration builds on the two companies’ joint ambition to drive industrialisation of floating offshore wind. By teaming up at an early design phase of a floating wind farm project, the two parties seek to unlock value from integration and maximum use of fabrication capacities.

Laure Mandrou, Senior Vice President Carbon-Free Solutions of Technip Energies, said: “We believe partnering is an essential step to reach net-zero. We are proud to enter this strategic partnership with Equinor, a long-lasting client with which we share a common vision and commitment: create a low-carbon future. This agreement extends our recent collaborating in the floating offshore wind field, creating unique synergies by combining Technip Energies’ and Equinor’s respective experiences in the development of core technologies and the delivery of ground-breaking projects.”

Beate Myking, Senior Vice President for Renewables Solutions in Equinor, commented: “We are excited about our collaboration with Technip Energies, which allows us to further leverage and develop our floating toolbox to customise locally adapted industrial solutions for future floating offshore wind projects.”

Growth in renewables is needed to succeed with the energy transition. A large part of this growth will come from floating wind as approximately 80% of the wind resources offshore are in deep waters that require a floating wind turbine solution. Even though costs have come down substantially, there is still a way to go for the floating technology to reach commerciality. From building the world’s first floating turbine, Hywind Demo, to the world’s first floating wind farm, Hywind Scotland, Equinor reduced the cost per MW by 70%. The strategic collaboration between Technip Energies and Equinor will contribute to industrialising floating offshore wind solutions.

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