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Maersk Offshore Wind, a new company to accelerate offshore wind deployment

Maersk Offshore Wind will provide installation services to the offshore wind market based on a new and state-of-the-art offshore Wind Installation Vessel (Maersk WIV) concept.

The design and concept are estimated to reduce the installation time of offshore wind turbines substantially compared to conventional methods, thereby lowering the overall installation cost for the developers. The first vessel, currently under construction in Singapore, will be delivered in 2025.

The global offshore wind market continues to see substantial growth supported by ambitious targets in the EU and US of a total installed capacity of at least 90 GW offshore wind by 2030, and over 400 GW by 2050.

Offshore wind deployment needs to speed up to meet these demands, and Maersk Offshore Wind plans to reduce installation time by about 30 per cent, which means faster energy delivery and lower installation costs, leading to better total installation economics.

Martin Larsen, CFO of A.P. Moller Holding and Chair of Maersk Offshore Wind: ” We need new solutions to meet the ambitious goals for offshore wind capacity in Europe and the US. Maersk Offshore Wind’s concept can reduce the installation time of offshore wind turbines by almost one-third, delivering energy to the grid faster and lowering total installation costs, increasing the competitiveness of our customers when they bid for new projects.

“We are establishing Maersk Offshore Wind as an independent entity to leverage our decades of offshore expertise and accelerate the development of the offshore wind industry.”

Michael Reimer Mortensen has been appointed CEO of Maersk Offshore Wind. He previously held the position of Chief Commercial Officer at Maersk Supply Service and brings over 20 years of extensive experience in managing complex maritime operations and customer requirements in the energy sector.

Maersk Offshore Wind is a spin off from Maersk Supply Service, who designed and developed the Maersk WIV and have marketed the concept since 2018. The company currently has app. 40 employees. Maersk Offshore Wind is owned by A.P. Moller Holding and will be headquartered in Denmark.

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