CEO's Column
Search
More
Clean Energy

TechnipFMC and Prysmian Partner to Accelerate Floating Offshore Wind Development

ByRishabh
2024-11-05.8 months ago
TechnipFMC and Prysmian Partner to Accelerate Floating Offshore Wind Development
TechnipFMC and Prysmian Partner to Accelerate Floating Offshore Wind Development

TechnipFMC and Prysmian have announced a collaboration aimed at advancing the global development of floating offshore wind energy. This partnership aims to address the growing demand for renewable electricity and accelerate the transition to cleaner energy.

EIB and Prysmian sign €450 million deal to boost renewable energy transition

Leveraging Expertise for Integrated Solutions

The collaboration combines TechnipFMC’s expertise in system design and integration for offshore energy projects with Prysmian’s leadership in the production and installation of submarine power cables. Together, the companies plan to offer a complete water column solution, spanning from the seabed to the ocean surface to support offshore wind projects.

TechnipFMC and Prysmian will deliver this integrated solution using the Engineering, Procurement, Construction, and Installation (iEPCI™) model. This approach will streamline project execution by combining mooring and anchoring systems with dynamic inter-array and export cable systems. The companies believe this will improve project economics and reduce execution risks for floating offshore wind projects. The expertise of TechnipFMC and Prysmian in offshore wind is key to this innovative model.

Germany’s PNE AG Seeks Approval for $4.6 Billion Offshore Wind Farm in Vietnam

Massimo Battaini, CEO at Prysmian, said, “This agreement is a great example of a solid cooperation between two industry leaders. Prysmian’s leadership is defined by our unwavering commitment to innovation."

He added, "Our tailor-made solutions for customers reinforce our capabilities to deliver groundbreaking technology worldwide, helping to drive the global energy transition.” 

TechnipFMC is a leading technology provider to both traditional and renewable energy sectors, including offshore wind. The company focuses on delivering fully integrated projects and services that help clients reduce carbon intensity and support their energy transition goals.

Prysmian is a global leader in energy and telecom cables, specializing in sustainable solutions to support the energy transition. The company provides high-performance cable systems for power grids, electrification, and digital markets worldwide, including offshore wind projects.

Subscribe to Sustainability Economics News for real-time insights, personalized updates, and expert analysis—delivered straight to your inbox.