ABB forms engineering joint venture for offshore wind power integration
ABB has signed an agreement with Inocean AS Norway, to set up an engineering services joint venture specializing in offshore wind integration projects.
ABB will have a majority shareholding in the new entity, ABB Inocean AB which will be located in Gothenburg, Sweden, a region with a shipbuilding history and recognized as a resource base for offshore industry expertise. The new entity will undertake design, engineering and project management activities including fabrication supervision of platforms required for offshore wind connections supplied by ABB. The move is aimed at accelerating the build-up of offshore competence to support ABB’s growing offshore wind power integration business.