Subsea7’s renewables business has reported $38m in second quarter earnings before interest, tax, depreciation and amortisation (EBITDA), compared with $34m in the same period in 2023.
Revenue of $281m was down slightly in Q2 2024 compared with $309m in Q2 2023.
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In renewables, utilisation of key offshore wind installation vessels was high, including Seaway Strashnov and Seaway Alfa Lift at Dogger Bank B and Seaway Aimery at Moray West, both off the UK.
Seaway Ventus completed its inaugural turbine installation scope for Gode Wind 3 in Germany and commenced Borkum Riffgrund 3 in the UK.
Seaway Phoenix continued activities in Taiwan for Zhong Neng and Yunlin and Seaway Moxie transited to Taiwan to support the Yunlin project.