View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 11, 2022

Lamprell to support floating wind project development in UK

NOV and Lamprell will work together to support the development of local content goals in the UK.

Emirati construction company Lamprell has signed a memorandum of understanding (MoU) with US-based firm NOV to deliver three offshore floating wind farms to British renewable developer Cerulean Winds.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

Under the terms of the MoU, Lamprell will offer fabrication, assembly and outfitting services for the construction of NOV’s tri-floaters, which will serve as the floating foundations at the three wind farms.

Each of the wind farms has 1GW of capacity.

Lamprell CEO Christopher McDonald said: “Our long history in the traditional oil and gas sector has stood us in good stead for our transition into the renewables space, where we have been active since 2007.

“Offshore floating wind is a natural progression for the business and represents another step in the realisation of our strategy and establishing our credentials in the UK market.

“We look forward to supporting NOV in the development of this transformational project for the industry and Scotland.”

NOV Rig Technologies president Joe Rovig said: “We are very pleased to have Lamprell on board with us as a partner for Cerulean’s major infrastructure development.

“Lamprell’s track record in offshore wind will complement our UK and European infrastructure and personnel and we look forward to making a joint contribution towards decarbonising the UK offshore sector.”

Nov and Lamprell will jointly support the development of local content goals in the UK.

The partners will also hold discussions with suppliers and yards in the country that are interested in joining the projects and can offer suitable solutions.

Last June, Cerulean submitted plans to develop a floating wind turbine project, with more than 3GW of capacity, west of Shetland and in the Central North Sea.

Cerulean selected Nov as its partner to deliver fabrication services for the proposed project, as well as floating and mooring systems.

The project is expected to come online in 2026 if approved.

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology