Saipem buys Naval Energies' floating wind business

Saipem buys Naval Energies’ floating wind business


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.

Wim Raaijen
I am a creative publisher, editor in chief, writer, vlogger and moderator with a journalistic and philosophic based view. Trying to re-invent the concept of publishing, based on platforms and partners, instead of separated media and advertisements. I am interested in industrial subjects like transition, sustainability, safety, energy efficiency, innovation and responsibility.