Saipem has signed a memorandum of understanding with a company registered in the United Arab Emirates to build a 500-MW floating offshore windfarm in Saudi Arabia
The agreement with Plambeck Emirates LLC would see the client use Saipem’s Hexafloat foundation.
In a statement Plambeck Emirates said a subsidiary in Riyadh would work with Saipem to realise the project which, it said, “fits exactly with Saudi Arabia’s renewable energy strategy and ‘Vision 2030’ strategy."
Once a final investment decision has been taken, Saipem will act as engineering, procurement, construction and installation contractor for the balance of plant for the project. Plambeck said a wind turbine supplier for the project “will come on board at a later stage of the development phase of the project.”
Plambeck Emirates shareholder Norbert Plambeck said, “The development of the 500-MW floating offshore wind project is part of the 5-GW ‘New Wind Market’ concept that we have proposed to the Kingdom of Saudi Arabia.”
Saipem renewables and green tech product manager Saipem Francesco Balestrino said, “We believe that the wind market in Saudi Arabia can be boosted by innovative solutions for the construction of the offshore windfarms, such as the Hexafloat.”
Plambeck Emirates described itself as a “solutions provider for renewable energy.” Its headquarters is in Abu Dhabi and it has its roots in the German wind energy business. It said it has developed several projects in the Middle East Gulf and North Africa over the last eight years.