Subsea 7 Launches Renewable Unit, Forms Offshore Wind Alliance

   DOW JONES NEWSWIRES 
 

Subsea 7 Wednesday announced the launch of its offshore renewables division, transferring its seabed-to-surface expertise, capabilities and safety and risk management processes and systems to specifically develop and execute work in this emerging market.

 
   MAIN FACTS: 

-Subsea 7 will provide project management, engineering and construction services to support offshore developments in the global renewables industry.

-The division, based in Aberdeen, Scotland, will be led by Bob Dunsmore, Vice President, Renewables, Subsea 7.

-The new division also announces the signing of a Memorandum of Understanding with Scottish and Southern Energy (SSE) under which Subsea 7 will form an alliance with SSE, Siemens, Siemens Transmission and Distribution, Burntisland Fabrications Ltd and Atkins.

-The purpose of this alliance will be to work together in a collaborative arrangement in order to secure substantial reduction in the cost of delivered power from offshore wind farms.

-Subsea 7 will be responsible for marine operations and offshore construction within the alliance.

-By Stockholm Bureau, Dow Jones Newswires; [phone]; [e-mail]