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Rovco and HOM form offshore wind partnership for Japanese market

By: Tom Russell 09/11/2022 Rovco

General Windfarms

Horizon Ocean Management (HOM) – a subsidiary joint venture between Mitsui and Hokutaku– and Rovco have signed a Memorandum of Understanding (MoU) for through-life subsea asset integrity and balance of plant survey solutions for the Japanese offshore wind market.

The agreement aims to see both parties work together to analyse the Japanese offshore wind market and develop a better understanding of in-country demand, as well as developing asset integrity programmes of work to support the maintenance of critical infrastructure.

HOM was formed in 2021 by Japanese conglomerate Mitsui and Hokutaku, a wind turbine maintenance company in Japan.

Rovco and HOM will enter into a joint business development agreement, with a view to strengthening commercial ties and jointly promoting new projects. They aim to build a service model for subsea integrity and survey scopes across offshore wind developments in Japan.

The partnership is offering through-life subsea asset integrity, 3D difference modelling assessments and critical subsea component data analysis for predictive and preventative maintenance to offshore wind projects across Japan, in the operational phase. The partnership also aims to assists in the creation of early operation and maintenance planning regimes for clients.

Simon Miller, Chief Revenue Officer at Rovco, said: “This partnership marks a significant milestone for Rovco. The Japanese offshore wind sector is rapidly upscaling, and this is an exciting opportunity for us to work alongside Horizon Ocean Management, sharing vital insight into subsea asset integrity best practices, whilst introducing both established and emerging technologies that help capture, interpret and present key infrastructure performance against design criteria and ensuring operational uptime with overall economic benefit to our customers.”

Nobuyuki Takagi, Managing Director of HOM, commented: “The European offshore wind supply chain has a wealth of marine and subsea experience via its long history in sectors such as Oil & Gas, in order to realise our national offshore wind deployment vision, HOM believe that learning from and working with the leading companies in these more advanced markets will develop and improve Japanese competence earlier, ultimately helping to establish middle to long-term local capability. We identified Rovco as one of the most innovative subsea inspection companies and are delighted to be collaborating with them here in Japan.”

Earlier this year, Rovco and its sister company Vaarst completed a successful series B raise to fund global expansion plans, co-led by Legal & General Capital alongside Equinor Ventures. This saw an initial £15.2m raise complete in April, with subsequent further investor contributions taking the total raise to £20.5m.

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Rovco and HOM form offshore wind partnership for Japanese market

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