SBM Offshore has finalized an agreement with Cierco Energy to sell all of its shares in Floventis Energy, a developer of floating wind technology. This strategic move comes as SBM Offshore reflects on the valuable knowledge gained through its partnership with Floventis, emphasizing its contributions to the advancement of pioneering floating projects.
Focus on Sustainable Growth
SBM Offshore expressed optimism regarding the vast potential for sustainable growth within the floating wind sector. The company is shifting its focus toward larger-scale projects, positioning itself to capitalize on emerging opportunities in renewable energy.
Floventis Energy Projects
Floventis has been instrumental in advancing floating wind demonstrations, notably with the Llyr 1 project in the Celtic Sea and the Cademo project near California’s Santa Barbara County. SBM Offshore stated it is “proud to have contributed to the advancement of these pioneering projects,” showcasing its commitment to innovation in offshore wind energy.
Conclusion
The sale of shares in Floventis Energy marks a significant transition for SBM Offshore as it aims to enhance its focus on larger floating wind projects while continuing to support the sustainable energy landscape.
