Hamburg-based ONP Management GmbH has been named the Technical Advisor for the 500MW floating wind project offshore Saudi Arabia being developed by Plambeck Emirates LLC.
As reported earlier this week, Plambeck Emirates and Italy’s Saipem signed a Memorandum of Understanding and an exclusive agreement for the development of the 500MW project.
Saipem and Plambec will sign the EPCI contract once financial agreements for the project are finalized.
The project is part of the 5GW New Wind Market concept proposed by Plambeck to the Kingdom of Saudi Arabia. ONP Management is also Technical Advisor for the remaining 4.5GW capacity.
The floating wind project will be a part of the Saudi Arabian government’s policy “Vision 2030”, Plambeck said.