Sumitomo Electric and Seaway 7 Collaborate on Offshore Wind Farm Projects
Sumitomo Electric and Seaway 7
Sumitomo Electric and Seaway 7 ASA (Seaway 7) are pleased to announce that they have signed a Memorandum of Understanding outlining their intention to collaborate on offshore wind projects in Japan and the wider Asia-Pacific region.
The collaboration between Sumitomo Electric and Seaway 7 will focus on providing robust, competitive, and localized turnkey engineering, procurement, installation and commissioning (EPIC) solutions for submarine cable projects.
Sumitomo Electric and Seaway 7; Goal
Sumitomo Electric will contribute its in-depth knowledge of the regional market and accumulated experience in the design and manufacturing of submarine cables.
Seaway 7 will provide its state-of-the-art installation services with an extensive track record of successfully completed submarine cable system projects for offshore renewables, oil and gas, and utility markets globally.
Sumitomo Electric Industries, Ltd. is a manufacturer of electric wire and optical fiber cables. Its headquarters are in Chūō-ku, Osaka, Japan. The company’s shares are listed in the first section of the Tokyo, Nagoya Stock Exchanges, and the Fukuoka Stock Exchange. (source: Wiki)
The Japanese and Asian offshore wind market is expected to grow substantially in the next decades, based on a mixture of both bottom-fixed and floating offshore wind projects, and has already attracted a significant number of local and international offshore wind developers.
The collaboration between Sumitomo Electric and Seaway 7 will enable them to provide a unique service to meet the need for a one-stop-shop EPIC submarine cable solution for the regional offshore wind market.
The two companies are committed to support customers, who seek to reduce greenhouse gas emissions for a sustainable future by combining their extensive global experience with localized solutions.
Sumitomo Electric and Seaway 7; Yasuyuki Shibata
Yasuyuki Shibata, Managing Executive Officer of Sumitomo Electric, said: “We are delighted to form this strategic collaboration with Seaway 7 to jointly contribute towards the decarbonization of the regions for decades to come.”
Sumitomo Electric and Seaway 7; Stuart Fitzgerald
Stuart Fitzgerald, CEO of Seaway 7, said: “The intended partnership with Sumitomo Electric builds on our existing long-term business relationship and is aimed at introducing our combined expertise and capabilities into the emerging offshore wind market in Japan and the wider Asia-Pacific region, which is in high demand for competitive and reliable solutions.”