Deme’s offshore energy business reported Q1 turnover of €390m compared with €279m in Q1 2023.
The offshore energy top line grew 40% year-over-year driven by efficient project execution and helped by a favourable comparison base for the first quarter of last year, Deme state.
During the first quarter, offshore energy successfully completed the monopile installation works for the Moray West offshore wind farm project in Scotland.
Deme’s floating installation vessel ‘Orion’ installed 29 XXL monopiles in record time, utilising vibro-hammer technology, while the ‘Apollo’ started the installation of the transition pieces for this project.
In France, Deme concluded the wind turbine installation work for the Fecamp offshore wind farm, deploying the vessels ‘Innovation’ and ‘Sea Challenger’, and kicked off the Ile d’Yeu and Noirmoutier projects, for which Deme will utilise its unique drilling technology previously deployed for the Saint-Nazaire project.
In Taiwan, Deme’s floating offshore installation vessel, ‘Green Jade’, completed its first assignment, installing jacket foundations for the Zhong Neng project.
Offshore energy kicked off the Hai Long project by preparing the seabed and installing pinpiles for the first jacket locations.