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Plambeck & Saipem Ink Floating Wind Farm Agreements

Power News - Published on Fri, 19 Jul 2019

Image Source: 4C Offshore
Plambeck Emirates LLC a subsidiary of Abu Dhabi headquartered PLAMBECK global renewable LLC, has signed a Memorandum of Understanding as well as an exclusive agreement with Saipem, based in Milan, Italy, for the development of a large-scale floating offshore wind farm 500 MW off the coast of Saudi Arabia. The following steps in the development of the project will start in the next weeks via Plambeck Emirates entity Plambeck Saudi, located in Riyadh. Saipem has agreed to act as EPCI contractor for the balance of plant. This is subject to the finalisation of financial agreements at the end of the development phase, following which the EPCI contract will be signed. The contract will see Saipem entrusted with the engineering, design, construction and installation of the entire project and related services.

The site is to feature between 30-50 turbines each with a rated capacity of 10-15 MW. The wind turbine supplier will come on board in a later stage of the development phase of the project according to Plambeck. The floating foundations are estimated weigh around 200t. An installation location has not yet been decided however the project could reach Financial Close in 2021 with construction following in 2022 according to Plambeck. ONP is acting as technical advisor to PLAMBECK Emirates and PLAMBECK Saudis and OE for the project.

Mr Norbert Plambeck, shareholder of Plambeck Emirates LLC said that “The development of the 500 MW floating offshore wind project is part of the 5 GW New Wind Market concept which we have proposed to the Kingdom of Saudi Arabia. We are very proud to have with Saipem an internationally experienced global solution provider on board,, with whom we can jointly take the next project development steps. In addition, the implementation of the
project with Saipem as a strong international group is already technically secured “

Source :

Posted By : Ratan Singh on Fri, 19 Jul 2019
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