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; +46-8-5451-3090;
djnews.stockholm@dowjones.com