Subsea 7 puts renewables division into SHL

UK: Subsea 7 is to integrate its renewable energy division into its 50% owned joint venture, Seaway Heavy Lifting (SHL).

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The companies have identified growing demand from clients for contractors that can provide a wider range of services. The consolidation should allow SHL to more easily meet this demand.

The goal is to lever Subsea 7's engineering and project management expertise, broaden its service offering and target larger projects.

The move also aligns with the trend towards the development of larger offshore wind projects in UK, German and other waters.   

Subsea 7 established its renewable energy division in 2011 to target the growing European offshore wind market. It joined forces with global contractor Bechtel in October to offer developers an "end-to-end" service.

SHL is an independent offshore installation contractor with experience in the oil and gas and offshore wind sectors. It operates the installation vessels Stanislav Yudin and Oleg Strashnov.

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