Swiber Solutions: Supporting Offshore Renewable Energy Technology

Swiber supports the move towards alternative and renewable energy sources to address the energy demands of the future. It is making strategic investments into the wind energy market by developing research alliances with prominent institutions that are well established in this sector.

Wind energy is an idea that has led governments to invest in energy technology that will make renewable energy economically viable. As wind power gains more popularity - becoming the most sustainable energy solution - growth in the industry is projected to increase by 25% in 2020. This would result in a need for expansion in production capacity, continued development of organisations and suppliers to be able to support this growth. Sustaining the supply chain is crucial as it is already currently constrained due to increasing commodity costs and few specialised capabilities to accommodate offshore installation.

In the future, as projects will be built further offshore in deeper waters, it is imperative for the industry to develop new solutions, particularly with regards to installation and operation methodologies and technologies.

The market for the development, construction, and installation of offshore wind turbines is a sector that Swiber is well prepared for. Its impressive track record as a service provider to the offshore oil and gas industries will serve this industry well - more so as the current high-costs prevalent in offshore wind development remains challenging.

Swiber's offshore engineering capabilities and diverse range of offshore services offers one-stop solutions for offshore projects by integrating its distinctive EPCIC services with its complementary offshore marine support capabilities. The integration of these services and the streamlining of business processes through experience in the offshore oil and gas industry enable Swiber to manage costs more efficiently.

Offshore wind power is when electricity is produced from the direct conversion of wind energy, by wind turbines that have foundations located in offshore waters.