France – Saipem and Naval Energies, a subsidiary of Naval Group, signed an agreement for the acquisition of Naval Energies’ floating wind business.
It consists in Naval Energies’ engineering know-how on floating units, intellectual property rights and approximately thirty resources with expertise in modelling and simulation.
Saipem in France
Since 2002, Saipem has had a presence in France through its subsidiaries Saipem and Sofresid Engineering. The company is already involved in renewable energies through its New Energies business unit inside its E&C Offshore Division. Naval Energies has over ten years of experience in floating offshore wind and has created a semi-submersible floater idea that is among the best on the market.
Naval Group ceasing renewable energy business
Naval Group declared at the beginning of February that it was discontinuing its developments in the offshore renewable energy sector by initiating a process aimed at the closure of Naval Energies’ activities, including the search for a buyer for all or a portion of the company’s activities. The transaction is subject to the receipt of the necessary administrative approvals.