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Windtech International May June 2024 issue

 

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Marubeni Corporation (Marubeni) and Innovation Network Corporation of Japan (INCJ) have entered into an agreement with Riverstone Holdings LLC, a US investment fund, for full acquisition of Riverstone’s wholly owned subsidiary company, Seajacks International Ltd. (Seajacks), a UK based offshore wind power service provider. 

Marubeni and INCJ are investing on a 50/50 share basis. Seajacks is active in the offshore turbine and platform service industry, and has been providing services with its TIV (Turbine Installation Vessels) to offshore wind farms as well as oil and gas platforms predominantly in the North Sea.
 
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