March 14, 2024
Highlights
- Two global leaders in Floating
Offshore Wind join forces to provide new energy solutions
- The combination of proven
technologies, engineering know-how and recognized delivery
expertise will enhance the confidence in the emerging floating
offshore wind market
SBM Offshore and
Technip Energies are pleased to announce the signing of a
Memorandum of Understanding for the creation of a joint venture
entity, EkWiL. The new company will be a Floating Offshore Wind
(FOW) pure player, capable of proposing a wide range of solutions
to clients.
EkWiL will combine the people expertise,
engineering and delivery capabilities, and complementary
technologies of Technip Energies and SBM Offshore, creating
integrated floating solutions and leading delivery offerings for
the Floating Offshore Wind market. This unique positioning will
enhance execution certainty and cost competitiveness to these
innovative projects.
The 50/50 JV will operate as a fully integrated
team, bringing together knowledge, innovation and capacities to
develop the two leading-edge technologies (Semi-submersible INO15
by T.EN™ and Tension Leg Platform Float4Wind®) covering a large
spectrum of the Floating Offshore Wind market, and bring them to
commercial deployment.
• Bruno Chabas, CEO of SBM Offshore, commented:
“Our aim is to become a recognized leading contractor in developing
floating offshore wind infrastructures. Collaboration is
fundamental to position our ambitions sustainably while managing
the pace of infrastructure development and the challenging
economics of these pioneering systems. We are pleased to share our
experience with the right partner, broadening the range of
solutions and reinforcing our energy transition commitment."
• Arnaud Pieton, CEO of Technip Energies,
commented: “Joining forces and collaborating are necessary to
capture the potential of the nascent floating offshore wind market.
By leveraging the synergies of complementary technologies and
supply chain experience, EkWiL will increase predictability to meet
market demand and deliver on our ambition to provide new energy
solutions.”
As is customary for transactions such as these, there are a
number of matters that Parties will attend to for completion of the
transactions, which includes satisfactory conclusion of due
diligence, engagement with employee representative bodies to
complete relevant consultations, and having in place all necessary
regulatory approvals.
For further information, please contact:
SBM Offshore Evelyn Tachau
BrownGroup Communications & Change DirectorTel: +377
(0) 6 40 62 30 34Email:
evelyn.tachau-brown@sbmoffshore.com Wouter
HoltiesCorporate Finance & Investor Relations
ManagerTel: +31 (0) 6 23 34 37 64Email:
wouter.holties@sbmoffshore.com |
Technip Energies Jason
HyonnePress Relations & Social Media ManagerTel: +33 1
47 78 22 89Email: Jason Hyonne Phil
LindsayVice-President Investor RelationsTel: +44 20 7585
5051Email: Phillip Lindsay |
About SBM Offshore
SBM Offshore designs, builds, installs, and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable, and
affordable energy from the oceans for generations to come. For
further information: www.sbmoffshore.com
About Technip Energies
Technip Energies is a leading Engineering & Technology
company for the energy transition, with leadership positions in
Liquefied Natural Gas (LNG), hydrogen and ethylene as well as
growing market positions in blue and green hydrogen, sustainable
chemistry and CO2 management. The company benefits from its robust
project delivery model supported by extensive technology, products
and services offering.
Operating in 34 countries, our 15,000 people are fully committed
to bringing our client’s innovative projects to life, breaking
boundaries to accelerate the energy transition for a better
tomorrow.
Technip Energies is listed on Euronext Paris with American
depositary receipts (“ADRs”). For further information:
www.ten.com.
Market Abuse Regulation
This press release may contain inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
SBM Offshore Disclaimer
Some of the statements contained in this release
that are not historical facts are statements of future expectations
and other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. These
statements may be identified by words such as ‘expect’, ‘should’,
‘could’, ‘shall’ and similar expressions. Such forward-looking
statements are subject to various risks and uncertainties. The
principal risks which could affect the future operations of SBM
Offshore N.V. are described in the ‘Impact, Risk and Opportunity
Management’ section of the 2023 Annual Report.
Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results and performance of the Company’s business
may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore does not intend
and does not assume any obligation to update any industry
information or forward-looking statements set forth in this release
to reflect new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer
to sell, or a solicitation of an offer to buy, any securities. The
companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate legal entities. In this release “SBM
Offshore” and “SBM” are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in
general. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”,
“emissionZERO®” and “Float4Wind®” are proprietary marks owned by
SBM Offshore.
Technip Energies Disclaimer
Important Information for Investors and Securityholders
Forward-Looking Statement
This Press Release contains forward-looking statements that
reflect Technip Energies’ (the “Company”) intentions, beliefs or
current expectations and projections about the Company's future
results of operations, anticipated revenues, earnings, cashflows,
financial condition, liquidity, performance, prospects, anticipated
growth, strategies and opportunities and the markets in which the
Company operates. Forward-looking statements are often identified
by the words “believe”, “expect”, “anticipate”, “plan”, “intend”,
“foresee”, “should”, “would”, “could”, “may”, “estimate”,
“outlook”, and similar expressions, including the negative thereof.
The absence of these words, however, does not mean that the
statements are not forward-looking. These forward-looking
statements are based on the Company’s current expectations, beliefs
and assumptions concerning future developments and business
conditions and their potential effect on the Company. While the
Company believes that these forward-looking statements are
reasonable as and when made, there can be no assurance that future
developments affecting the Company will be those that the Company
anticipates.
All of the Company’s forward-looking statements involve risks
and uncertainties, some of which are significant or beyond the
Company’s control, and assumptions that could cause actual results
to differ materially from the Company’s historical experience and
the Company’s present expectations or projections. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those set forth in the forward-looking
statements.
For information regarding known material factors that could
cause actual results to differ from projected results, please see
the Company’s risk factors set forth in the Company’s 2022 Annual
Financial report filed on March 10, 2023, with the Dutch Authority
for the Financial
Markets (AFM) and the French Autorité des Marchés Financiers
which include a discussion of factors that could affect the
Company's future performance and the markets in which the Company
operates. Please also see Section 1.3 (Principal Risks and
Uncertainties) of the Company's 2023 Half-Year Report which was
filed with the AFM and the AMF on July 27, 2023.
Forward-looking statements involve inherent risks and
uncertainties and speak only as of the date they are made. The
Company undertakes no duty to and will not necessarily update any
of the forward-looking statements in light of new information or
future events, except to the extent required by applicable law.
- PR_T.EN SBM Offshore MoU FOW_EN
- T.EN INO15 floater
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