TechnipFMC and Prysmian link up on floating offshore wind

New York-listed subsea player TechnipFMC and Italian cabling giant Prysmian have joined forces to work together on global floating offshore wind projects.

A collaboration agreement will see the two companies aim to pioneer a subsea water column solution “from seabed to ocean surface”, joining TechnipFMC’s design and integration capacities with Prysmian’s submarine power cable systems.

The solution covers a fully integrated engineering, procurement, construction and installation (iEPCI) commercial model, the groups said in a joint statement, including mooring and anchoring and both dynamic inter-array and export cable systems, will improve project economics and derisk execution plans.

“The collaboration strengthens both companies’ position in this emerging market by providing an integrated solution that accelerates time to first power and reduces cost, while improving overall system reliability. This innovative subsea offering will create significant value for our customers and further differentiate TechnipFMC as the leading architect for offshore energy,” said Doug Pferdehirt, chairman and CEO at TechnipFMC.