Bechtel and Subsea 7 will work together to develop offshore wind & associated transmission projects in Europe, including the UK and Germany.
The non-exclusive joint approach provides customers with Bechtel’s unmatched experience designing and building some of the world’s most complex projects and Subsea 7’s global expertise in seabed-to-surface engineering and construction. Together they provide developers and utilities a single contracting group to take responsibility for the delivery of their projects.
“Subsea 7 and Bechtel recognize the strategic opportunity in offshore wind and transmission projects in Europe,” said Jim Ivany, president of Bechtel’s renewable power business line. "Having a relationship in place with one of the world’s largest subsea contractors enables us to accelerate our entry into these regions with a well-respected company whose values and commitment to safety, ethics, and quality are consistent with ours."
“The combined expertise and financial stability of two world-class organizations will provide real value to potential utilities and developers. They can trust us to build complex offshore wind and transmission projects in a safe and cost-effective way,” said Subsea 7’s Senior Vice President for Renewable Energy Jan Willem van der Graaf. “We look forward to future opportunities where we can deliver our offering to clients.”
Bechtel and Subsea 7 will engage with key stakeholders in the market and evaluate prospective project opportunities on a case-by-case basis. Both companies will continue to pursue opportunities separately in the offshore wind and transmission sector where the scope of work is segmented in multi contracting arrangements.