OSLO, NORWAY: Fred. Olsen Ocean (FOO) announced a partnership with Shimizu Corporation to support growth and development in the offshore wind industry in Japan and worldwide.

The partnership between these organizations marks an important milestone as it brings together FOO’s specialist knowledge, experience and capabilities as a global leader in offshore wind turbine installations, and Shimizu’s leading strengths in construction activities and in-depth knowledge of the Japanese market.

Together, the combined expertise, experience, assets, and related supply chains of these two organizations will be valuable for the development of offshore wind.

Japan has ambitious targets to develop 10 GW of offshore wind power by 2030. As a clear indication of their commitment to help reach these goals, Shimizu will take delivery of its own jack-up installation vessel in late 2022.

Under this partnership and exclusivity agreement, FOWIC will be the leading partner for installation projects involving Shimizu’s vessel outside Japan, whereas Shimizu will be the leading partner for installation projects within Japan. With a deep understanding of operating jack-up installation vessels, FOWIC will support Shimizu with the planning and execution of upcoming offshore wind project installations in Japan and support with training of key personnel for safe and efficient operation.

Fred. Olsen Ocean subsidiaries include Fred. Olsen Windcarrier (FOWIC) and Global Wind Service (GWS). FOWIC and GWS will be the preferred suppliers for Shimizu with FOWIC supplementing Shimizu vessel capacity in Japan when needed. For markets outside Japan, FOWIC will represent and market the Shimizu vessel.

Alexandra Koefoed, Chief Executive Officer of Fred. Olsen Windcarrier, commented: “We are very pleased to be working with such a renowned organization as Shimizu, and excited to be playing such an important role in Japan’s renewable energy sector. There is great potential not only in the partnership of our two businesses, but also in what we can offer to the offshore wind industry.”

Toru Yamaji, Vice President of Shimizu, said: “We could not have chosen a better partner to further our capabilities in the Japanese offshore wind market, and abroad. Together, Fred. Olsen Ocean and Shimizu will offer a breadth of specialist knowledge, assets and services for wind farm developers worldwide.”

The Fred. Olsen main activities relate to a variety of operations, services and products in both onshore and offshore wind and technical marine services. FOO is the parent company of Fred. Olsen Windcarrier, Global Wind Service and United Wind Logistics.

Shimizu Corporation is an architectural, civil engineering and general contracting firm. It had an annual sale of 1,456 billion Yen in FY 2020. Shimizu Corporation has branch offices in Asia, Europe, North America, Middle East and Africa. It is listed in Tokyo and Nagoya stock exchanges and a constituent of Nikkei Index.