Prysmian signs deal with TechnipFMC for floating offshore wind facilities

TechnipFMC

04/11/2024 09:13

Nov 4 (Reuters) - Italy's Prysmian  PRY.MI  and
Britain's TechnipFMC  1T1.F  signed an agreement to strengthen
the development of floating offshore wind facilities, the
companies said on Monday.
    The aim of the tie-up is to pioneer a subsea water column
solution "from seabed to ocean surface", combining TechnipFMS's
design and integration capacities with Prysmian's submarine
power cable systems, the groups said in a joint statement.
    "The collaboration strengthens both companies' position in
this emerging market by providing an integrated solution that
accelerates time to first power and reduces cost," TechnipFMC's
Chair and CEO Doug Pferdehirt said in the statement, which did
not provide financial details of the deal.

 (Reporting by Michela Stasio, editing by Giulia Segreti)
 ((Michela.Stasio@thomsonreuters.com;))