Subsea 7 Competing For French Offshore Wind Contracts

Subsea 7 is bidding on a tender to provide and install foundations for the Dieppe et Le Tréport and Iles d’Yeu et de Noirmoutier offshore wind farms in France.

The company is participating in the tender for the EPIC scope for the foundations, Subsea 7’s Chief Executive Officer, Jean Cahuzac, said while presenting the results for the fiscal year 2017.

The bulk of the offshore installation activity related to the wind farm tenders is scheduled for 2020 or later, Cahuzac said.

The 496MW Dieppe et Le Tréport and the 496MW Iles d’Yeu et de Noirmoutier offshore wind farms will each comprise 62 Siemens Gamesa 8MW wind turbines and an offshore substation.

The construction and installation of the two wind farms will begin in 2019 and commissioning is expected in 2021, with the wind farms remaining in operation until 2041.

Looking back on the company’s performance in 2017, the revenue of the Renewables and Heavy Lifting divisions was USD 959 million, compared to USD 176 million in 2016, and related mainly to the Beatrice offshore wind farm project, while the company’s net operating income was USD 90 million, in comparison to USD 28 million in the year before.

The results benefited from high levels of activity on Beatrice and the consolidation of Seaway Heavy Lifting following its acquisition in March 2017, the company said.