Wilhelmsen to acquire half the stake of NorSea Wind, a Tananger, Norway-based wind energy solutions provider
Image: Wilhelmsen to acquire stake in NorSea Wind. Photo: Courtesy of Wilhelmsen Holding ASA.
Norwegian shipping company Wilhelmsen Ship Management (WSM) has agreed to acquire 50% stake in NorSea Wind and its subsidiaries to provide unified and integrated solutions for wind energy market.
Founded in 2016, as a subsidiary of a Norsea Group, the company offers project management and logistics planning across all stages of both offshore and onshore wind projects. It is also touted to be the focal point within the Norsea Group, integrating all of the group’s service offerings for the wind energy segment.
Wilhelmsen Ship Management president and CEO Carl Schou said: “NorSea Wind offers an exciting opportunity for WSM to strengthen our service offering within the wind energy market.
“This acquisition complements WSM’s strong experience in marine asset operation and maintenance. The acquisition will combine core competencies from both parties to deliver a full range of service offerings throughout the whole value chain.”
NorSea Wind will be positioned to cater to global wind energy market
WSM and Norsea Group are part of Wilhelmsen group companies. After the deal is completed, NorSea Wind will be positioned as the group’s platform to cater to global renewable wind energy market.
Norsea Group president and CEO John Stangeland said: “This acquisition provides a major growth opportunity for both parties to lead and meet the growing future requirements in the wind energy sector. With the rapid market development, our combined competencies as a total solution provider will be best positioned to support stakeholders on the evolving journey.”
Last year, WSM and NorSea Wind, signed a framework agreement to provide complete technical maintenance solution for TenneT’s off and onshore transformer stations and AC electricity transmission systems.
In February, the NorSea Wind won a tender to operate and maintain Sprogø offshore wind farm, with 21MW of capacity, powered by 7 Vestas V90-3MW turbines. The wind farm has been in operation since 2009 and is owned by European Energy.