Belgian offshore contractor Deme reported stable activity levels in its Offshore Energy segment during the first quarter of 2026, supported by ongoing offshore wind installation and cable projects in Europe, the USA and Taiwan.
The company’s Offshore Energy turnover reached 527 million euros in the first quarter, broadly in line with the same period last year, while the offshore energy order book stood at 3.9 billion euros.
Deme stated that its new offshore transport and installation vessel Norse Wind started its first assignment in Europe in April 2026. The sister vessel Norse Energi was delivered on schedule and is expected to start operations during summer 2026.
In the USA, Deme completed works on the Vineyard Wind offshore wind project and cable installation activities for Empire Wind 1. At Dominion Energy’s Coastal Virginia Offshore Wind project, the company completed the installation of all 176 foundations, transition pieces and offshore substations. Remaining activities include inter-array and export cable installation as well as rock placement works.
Following completion of the US works, the installation vessels Orion and Sea Installer moved to Europe to begin new assignments during the second quarter of 2026.
In Europe, Deme installed the first 33 jacket foundations at the Dieppe–Le Tréport offshore wind project in France using the vessel Innovation. Inter-array cable installation is scheduled to begin during the second quarter. Cable installation work also continued at Dogger Bank C in the United Kingdom and on the Baltic Power project in Poland.
In the Netherlands, installation activities started at the IJmuiden Ver Alpha, Nederwiek 1 and Oranjewind offshore wind farms.
In Taiwan, Deme continued work on the Hai Long and Fengmiao offshore wind projects. The upgraded jack-up vessel Sea Challenger started turbine installation at Hai Long, while Green Jade began installation activities at Fengmiao.
At group level, Deme reported first-quarter turnover of 1.02 billion euros, up 2% year-on-year, while the total order book remained at 7.4 billion euros. The company maintained its outlook for 2026, expecting turnover and EBITDA margin to remain in line with 2025 levels.
