Saipem, Havfram Holding and HVAS Invest Kappa (a holding company controlled by HitecVision) have signed a non-binding agreement to evaluate a potential collaboration in the development and construction of offshore wind farms.
The parties’ objective is to create a wider value proposition by integrating a range of construction and operational services, based on their respective competences and expertise.
The cooperation between the HitecVision-controlled Havfram and Saipem would build upon Havfram’s expertise in installation of offshore facilities on one side, and Saipem’s offshore wind EPCI capabilities, competences and assets on the other side, Saipem said.
The initiative is consistent with Saipem’s 2022-25 Strategic Plan in that it aims at strengthening its value proposition for the offshore wind marke.
It intends to do this through identifying new and more profitable ways of execution, organisational and management models, and also through the integration of the latest generation installation assets such as jackups.
The agreement also corresponds to Havfram’s objective to accelerate growth in its EPCI and service- oriented offering towards offshore wind.
The parties will set up a joint team to study and develop the technical, organisational, financial and valuation aspects of the possible collaboration.
The target, if the conditions will be met, is to reach a detailed definition of the business model and a final agreement by end of third quarter of 2022.