DEME Offshore, Penta-Ocean form JV to Build Offshore Wind Farms in Japan

Wednesday, April 14, 2021

Belgium-based offshore installation company DEME Offshore and Japanese marine contractor Penta-Ocean Construction are forming a joint venture to focus on the construction of offshore wind farms in Japan. 

"The new Joint Venture brings together DEME Offshore’s marine engineering knowledge and decades of experience in the renewables sector, with the highly specialized marine construction technology of Penta-Ocean," DEME Offshore said.

Penta-Ocean will own 51% of the shares in JV with 49% owned by DEME Offshore.

DEME Offshore pointed to the fact that new regulations regarding wind power energy generation at sea, as well as in port and harbor areas, have been introduced in the country and the first wind farm auction round is expected to take place this year. 

"Japan has ambitious targets to develop 10 GW of offshore wind power by 2030. While the country has very favourable wind conditions, it also has challenging subsoils, which can be a mixture of sand and rocks," DEME Offshore said.

 Niels van Berlaer, Business Unit Director Asia-Pacific DEME Offshore, said: “These complex conditions often mean that drilling expertise is necessary at offshore wind farm locations. But both companies have these skills in-house, given their dredging activities. By bringing these two leading companies together, we believe we can make a significant contribution to the long-term development of the offshore wind sector in Japan. Demonstrating our confidence in the vast potential of the Japanese market, and our willingness to support the sector, we are also considering bringing DEME Offshore equipment into Japan.” 

Tetsunori Ohshimo, Senior Managing Executive Officer, Head of Offshore Wind Farm Business Division Group, Penta-Ocean, said: “The new JV company will be a leading specialized offshore marine engineering contractor in Japan, combining our extensive experience and advanced technologies both in Europe and Japan. I am confident that the collaboration between the two companies will contribute greatly to the construction of offshore wind farms and we have the capabilities needed to tackle Japan’s challenging metocean and seismic conditions, as well as the complex seabed conditions.”

Categories: Renewable Energy Drilling Industry News Offshore Wind Activity Asia Renewables

Related Stories

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

CNOOC Finds Oil and Gas in South China Sea

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Turkey Discovers New Black Sea Gas Reserve

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Current News

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com