Plambeck, Saipem to build 500 MW floating offshore wind farm in Saudi Arabia

Saipem has signed a memorandum of understanding with Plambeck Emirates LLC, a solutions company in the field of renewables based in Abu Dhabi, and an exclusive agreement for the development and construction of a floating offshore wind farm.

The project phases will commence in the coming weeks via Plambeck Saudi, a Plambeck company located in Riyadh. The partners will develop the project in line with the Vision 2030, the Saudi strategy to promote the development of the country.

Saipem can start operations after finalisation of the financial agreements at the end of the planning phase, following which the contract will be signed for Saipem to undertake the engineering, design, construction and installation of the entire project and related services.