March 14, 2024
Highlights
- Two global leaders in Floating Offshore Wind join forces to
provide new energy solutions
- The combination of proven technologies, engineering know-how
and recognized delivery expertise will enhance the confidence in
the emerging floating offshore wind market
SBM Offshore and Technip Energies are pleased to announce the
signing of a Memorandum of Understanding for the creation of a
joint venture entity, EkWiL. The new company will be a
Floating Offshore Wind (FOW) pure player, capable of proposing a
wide range of solutions to clients.
EkWiL will combine the people expertise,
engineering and delivery capabilities, and complementary
technologies of Technip Energies and SBM Offshore, creating
integrated floating solutions and leading delivery offerings for
the Floating Offshore Wind market. This unique positioning
will enhance execution certainty and cost competitiveness to these
innovative projects.
The 50/50 JV will operate as a fully integrated
team, bringing together knowledge, innovation and capacities to
develop the two leading-edge technologies (Semi-submersible INO15
by T.EN™ and Tension Leg Platform Float4Wind®) covering a large
spectrum of the Floating Offshore Wind market, and bring them to
commercial deployment.
• Bruno Chabas, CEO of SBM Offshore, commented:
“Our aim is to become a recognized leading contractor in developing
floating offshore wind infrastructures. Collaboration is
fundamental to position our ambitions sustainably while managing
the pace of infrastructure development and the challenging
economics of these pioneering systems. We are pleased to share our
experience with the right partner, broadening the range of
solutions and reinforcing our energy transition commitment."
• Arnaud Pieton, CEO of Technip Energies,
commented: “Joining forces and collaborating are necessary to
capture the potential of the nascent floating offshore wind market.
By leveraging the synergies of complementary technologies and
supply chain experience, EkWiL will increase predictability to meet
market demand and deliver on our ambition to provide new energy
solutions.”
As is customary for transactions such as these, there are a
number of matters that Parties will attend to for completion of the
transactions, which includes satisfactory conclusion of due
diligence, engagement with employee representative bodies to
complete relevant consultations, and having in place all necessary
regulatory approvals.
SBM Offshore Evelyn Tachau BrownGroup
Communications & Change DirectorTel: +377 (0) 6 40 62 30
34Email: evelyn.tachau-brown@sbmoffshore.com Wouter
HoltiesCorporate Finance & Investor Relations
ManagerTel: +31 (0) 6 23 34 37 64Email:
wouter.holties@sbmoffshore.com |
Technip Energies Jason HyonnePress
Relations & Social Media ManagerTel: +33 1 47 78 22 89Email:
Jason Hyonne Phil LindsayVice-President
Investor RelationsTel: +44 20 7585 5051Email: Phillip
Lindsay |
About SBM Offshore
SBM Offshore designs, builds, installs, and
operates offshore floating facilities for the offshore energy
industry. As a leading technology provider, we put our marine
expertise at the service of a responsible energy transition by
reducing emissions from fossil fuel production, while developing
cleaner solutions for alternative energy sources.
More than 7,400 SBMers worldwide are committed
to sharing their experience to deliver safe, sustainable, and
affordable energy from the oceans for generations to come.
For further information: www.sbmoffshore.com
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as
well as growing market positions in blue and green hydrogen,
sustainable chemistry and CO2 management. The company benefits from
its robust project delivery model supported by extensive
technology, products and services offering.
Operating in 34 countries, our 15,000 people are
fully committed to bringing our client’s innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies is listed on Euronext Paris
with American depositary receipts (“ADRs”). For further
information: www.ten.com
Market Abuse RegulationThis press release may
contain inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation.
SBM Offshore Disclaimer
Some of the statements contained in this release
that are not historical facts are statements of future expectations
and other forward-looking statements based on management’s current
views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance, or
events to differ materially from those in such statements. These
statements may be identified by words such as ‘expect’, ‘should’,
‘could’, ‘shall’ and similar expressions. Such forward-looking
statements are subject to various risks and uncertainties. The
principal risks which could affect the future operations of SBM
Offshore N.V. are described in the ‘Impact, Risk and Opportunity
Management’ section of the 2023 Annual Report.
Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results and performance of the Company’s business
may vary materially and adversely from the forward-looking
statements described in this release. SBM Offshore does not intend
and does not assume any obligation to update any industry
information or forward-looking statements set forth in this release
to reflect new information, subsequent events or otherwise.
Nothing in this release shall be deemed an offer
to sell, or a solicitation of an offer to buy, any securities. The
companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate legal entities. In this release “SBM
Offshore” and “SBM” are sometimes used for convenience where
references are made to SBM Offshore N.V. and its subsidiaries in
general. These expressions are also used where no useful purpose is
served by identifying the particular company or companies.
"SBM Offshore®", the SBM logomark, “Fast4Ward®”,
“emissionZERO®” and “Float4Wind®” are proprietary marks owned by
SBM Offshore.
Technip Energies | Important Information for Investors and
Securityholders
Forward-Looking Statement
This Press Release contains forward-looking
statements that reflect Technip Energies’ (the “Company”)
intentions, beliefs or current expectations and projections about
the Company's future results of operations, anticipated revenues,
earnings, cashflows, financial condition, liquidity, performance,
prospects, anticipated growth, strategies and opportunities and the
markets in which the Company operates. Forward-looking statements
are often identified by the words “believe”, “expect”,
“anticipate”, “plan”, “intend”, “foresee”, “should”, “would”,
“could”, “may”, “estimate”, “outlook”, and similar expressions,
including the negative thereof. The absence of these words,
however, does not mean that the statements are not forward-looking.
These forward-looking statements are based on the Company’s current
expectations, beliefs and assumptions concerning future
developments and business conditions and their potential effect on
the Company. While the Company believes that these forward-looking
statements are reasonable as and when made, there can be no
assurance that future developments affecting the Company will be
those that the Company anticipates.
All of the Company’s forward-looking statements
involve risks and uncertainties, some of which are significant or
beyond the Company’s control, and assumptions that could cause
actual results to differ materially from the Company’s historical
experience and the Company’s present expectations or projections.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those set forth in the forward-looking
statements.
For information regarding known material factors
that could cause actual results to differ from projected results,
please see the Company’s risk factors set forth in the Company’s
2022 Annual Financial report filed on March 10, 2023, with the
Dutch Authority for the Financial
Markets (AFM) and the French Autorité des
Marchés Financiers which include a discussion of factors that could
affect the Company's future performance and the markets in which
the Company operates. Please also see Section 1.3 (Principal Risks
and Uncertainties) of the Company's 2023 Half-Year Report which was
filed with the AFM and the AMF on July 27, 2023.
Forward-looking statements involve inherent
risks and uncertainties and speak only as of the date they are
made. The Company undertakes no duty to and will not necessarily
update any of the forward-looking statements in light of new
information or future events, except to the extent required by
applicable law.
- SBM Offshore and Technip Energies sign a Partnership Agreement
to form EkWiL, a Floating Offshore Wind Joint Venture
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