MEMBER NEWS: Posh partners with First Marine Solutions to explore floating offshore wind opportunities in Europe

April 5, 2022
MEMBER NEWS: Posh partners with First Marine Solutions to explore floating offshore wind opportunities in Europe

Offshore marine services provider, PACC Offshore Services Holdings (POSH) announced that is will be partnering with mooring and marine service specialist FMS to explore growth opportunities for floating offshore wind in Europe.

The two companies signed a Memorandum of Understanding (“MoU”) to bring together their combined expertise to market. Both POSH and FMS will work together on identifying, developing, and delivering on relevant joint tender opportunities. POSH, with assistance from FMS, will be responsible for the installation of offshore floating wind mooring systems, and FMS will be responsible for designing and subsequently supplying the offshore floating wind mooring systems as the technical authority.

This MoU follows on from POSH’s earlier announcement that it will be focusing on the development of the fast-growing floating wind market.

Mr Ulva Chai, Chief Operating Officer, POSH, said, “POSH continues our transformation to become a future-ready, sustainable solutions provider for the global energy sector. We are pleased to be working with First Marine Solutions to identify opportunities in this fast-growing sector. As specialists in offshore marine solutions, POSH will leverage on our relevant expertise and track record to offer integrated solutions for floating wind turbine projects. These services include planning & engineering, project logistics & management, pre-lay mooring, mobilisation base management, towage and hook up, cable installation, operations & maintenance, and decommissioning.”

Mr Steven Brown, Managing Director, FMS, said, “This agreement with POSH is the next step on our renewables journey which began two years ago with the establishment of a dedicated offshore renewables business unit. FMS has designed, supplied and installed mooring systems worldwide for many years for a number of different applications and look forward to bringing our technical expertise, offshore experience and technology to the ever growing floating offshore wind market.”

Offshore wind has the biggest growth potential of any renewable energy technology globally. Currently, offshore wind makes up just 2% of what the world needs to get to net zero by 2050 but is rapidly growing – forecasted to grow by 235 GW of new installed capacity over the next decade, seven times more than its current size.

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AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

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Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

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The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

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Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

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Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

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