Plambeck Emirates signs MoU with Saipem for 500MW Saudi floater
17 July, 2019
Renewables developer Plambeck Emirates has signed a memorandum of understanding (MoU) with Italian company Saipem for the development of a 500MW floating offshore wind farm in Saudi Arabia.
Saipem will act as the engineering, procurement, construction and installation (EPCI) contractor on the wind farm. Plambeck Emirates will undertake early stage development of the project in the next few weeks.
Signing of the EPCI contract is subject to the finalisation of financial agreements at the end of the development phase.