EnergyWatch

Subsea 7 boosts bet on offshore wind with new acquisition

Subsea 7 buys a majority stake in Nautilus Floating Solutions to further solidify its focus in the offshore wind sector. The move follows the recent merger of Subsea 7's renewables business with OHT.

Photo: PR/Subsea 7

Offshore company Subsea 7 acquires a majority stake in Spanish Nautilus Floating Solutions, which develops technology for the offshore floating wind market.

Oslo-listed company Subsea 7 buys a 59.12-percent stake in the Spanish company and will hold four out of seven seats in the floating wind company's board of directors.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs