SBM Offshore and Technip Energies sign a Partnership Agreement to form EkWiL, a Floating Offshore Wind Joint Venture

March 14, 2024

Highlights

• Two global leaders in Floating Offshore Wind join forces to provide new energy solutions
• The combination of proven technologies, engineering know-how and recognized delivery expertise will enhance the confidence in the emerging floating offshore wind market

                                                                                                                 
SBM Offshore and Technip Energies are pleased to announce the signing of a Memorandum of Understanding for the creation of a joint venture entity, EkWiL.  The new company will be a Floating Offshore Wind (FOW) pure player, capable of proposing a wide range of solutions to clients.

EkWiL will combine the people expertise, engineering and delivery capabilities, and complementary technologies of Technip Energies and SBM Offshore, creating integrated floating solutions and leading delivery offerings for the Floating Offshore Wind market.  This unique positioning will enhance execution certainty and cost competitiveness to these innovative projects.

The 50/50 JV will operate as a fully integrated team, bringing together knowledge, innovation and capacities to develop the two leading-edge technologies (Semi-submersible INO15 by T.EN and Tension Leg Platform Float4Wind) covering a large spectrum of the Floating Offshore Wind market, and bring them to commercial deployment. 

• Bruno Chabas, CEO of SBM Offshore, commented: “Our aim is to become a recognized leading contractor in developing floating offshore wind infrastructures.  Collaboration is fundamental to position our ambitions sustainably while managing the pace of infrastructure development and the challenging economics of these pioneering systems. We are pleased to share our experience with the right partner, broadening the range of solutions and reinforcing our energy transition commitment."