Italian firm, Saipem announced in a statement that, it has signed a memorandandum of understanding with Abu Dhabi-based Plambeck Emirates LLC for the development and construction of a floating offshore wind farm.
The project capacity is 500 MW. The project phases will commence in the coming weeks via Plambeck Saudi, a Plambeck company located in Riyadh.
As per the statement, Saipem can start operations after finalisation of the financial agreements at the end of the planning phase.
following which, the contract will be signed for Saipem to undertake the engineering, design, construction and installation of the entire project and related services.
Norbert Plambeck, shareholder of Plambeck Emirates, stated “The development of the floating offshore wind farm project is part of the new 5 gigawatt (GW) Wind Market concept, which has been proposed to Saudi Arabia,”.
Francesco Balestrino, Renewables and Green Tech Product Manager of the Xsight division, commented: “We believe that the wind market in Saudi Arabia can be supported by innovative solutions for the construction of offshore wind farms, such as the Saipem technology Hexafloat, with an accelerated programme and reduced costs.”
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