(Source: Shutterstock.com)
Transocean is bringing its offshore drilling rig expertise to the offshore wind foundation installation sector, saying it plans to form a joint venture (JV) company with offshore wind vessel provider Eneti Inc.
The companies said April 19 they have executed a non-binding memorandum of understanding to form the JV company.
If the companies reach a definitive agreement on the JV, at least two Transocean vessels would be converted into floating offshore wind foundation installation platforms. The vessels could be capable of carrying and installing up to six 3,500-ton, 12-m diameter monopile foundations, according to a news release.
Both companies would provide expertise and operational personnel for the JV company and have the right to bring in additional partners.
The announcement comes as U.S. offshore wind industry takes steps to grow capacity amid the transition to cleaner forms of energy. The Biden administration is targeting 30 gigawatts of offshore wind capacity by 2030.
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