Saipem and Havfram assess potential for offshore wind collaboration

4C Offshore | Tom Russell
By: 30/05/2022 Saipem SpA
Saipem SpA, Havfram Holding AS and HVAS Invest Kappa AS (a holding company controlled by HitecVision) have signed a non-binding agreement to evaluate a potential collaboration in the development and construction of offshore wind farms.

The parties aim to create a wider value proposition by integrating a range of construction and operational services, based on the parties’ respective competences and expertise.

In this context, the cooperation between the HitecVision-controlled Havfram and Saipem would build upon Havfram’s business model and expertise in installation of offshore facilities on one side, and Saipem’s offshore wind EPCI capabilities, competences and assets on the other side.

The parties will set up a joint team to study and develop the technical, organizational, financial and valuation aspects of the possible collaboration, targeting, if the conditions will be met, to reach a detailed definition of the business model and a final agreement by end of third quarter of 2022.