Saipem to Co-Develop 450 MW Offshore Wind Farm in Italy

Saipem has announced the signing of an MoU with AGNES and QINT’X to co-develop a 450 MW offshore wind farm in the Adriatic Sea off the coast of Italy.

Saipem has announced the signing of a Memorandum of Understanding (MoU) with AGNES, a company that develops renewable energy projects in the Adriatic Sea, and QINT’X, an Italian company specialising in renewable energy and EVs, to co-develop a 450 MW offshore wind farm in the Adriatic Sea off the coast of Ravenna in Italy.

The project will involve the installation of approximately 56 turbines on fixed foundations on the seabed at two different sites: one located more than 8 nautical miles from the shore, and the other more than 12 miles from the shore. The overall installed power will be approximately 450 MW.

As part of this project, innovative technologies will also be used such as floating solar technology based on the proprietary technology of Moss Maritime, which is part of Saipem’s XSIGHT division, which is dedicated to developing innovative solutions to speed up decarbonisation process in the energy sector. In this respect, the XSIGHT division has already begun developing integrated solutions for using renewable energy and for producing “Green” hydrogen. The Agnes project will be the first project to develop such integrated solutions, offering the opportunity to find an alternative solution to decommissioning O&G platforms in the Adriatic Sea.

Mauro Piasere, COO of the XSIGHT Division, said that “Saipem has long launched a process to strengthen its presence in the renewable energy sector. In particular, through the XSIGHT division, the company’s new role as developer of offshore wind farms is being defined and the Memorandum of Understanding signed with AGNES and QINT’X constitutes a new important opportunity in this direction.

“This agreement is consistent with the new business model adopted by the company, which is increasingly becoming a leader in the field of energy transition and introduced in 2019 as part of the agreement with Plambeck to develop wind farms with floating foundations in the Red Sea off the coast of Saudi Arabia. Through the XSIGHT division, the firm is planning to launch similar projects in Sicily and Sardinia as well, using floating foundations for wind turbines, thus supporting the Italian shipbuilding industry.”