DEME, Penta-Ocean form Japanese offshore wind joint venture

Nov. 2, 2021
Penta-Ocean will own 51% of the shares and DEME Offshore 49% of Japan Offshore Marine.

Offshore staff

ZWIJNDRECHT, BelgiumDEME Offshore and Penta-Ocean Construction Co., Ltd. have established a joint venture company for the Japanese offshore wind market.

Penta-Ocean will own 51% of the shares and DEME Offshore 49% of Japan Offshore Marine (JOM).

Also, the DP-2 jackup installation vessel Sea Challenger will be relocated to Japan and brought under the Japanese flag. 

According to DEME, the Sea Challenger is set to undergo a major upgrade, preparing it for the first round of offshore wind farm projects in Japan, which are expected to start in 2025.

Takuzo Shimizu, CEO of Penta-Ocean Construction, said: “We are confident that through JOM we will be able to combine our extensive experience and expertise in offshore wind construction and marine civil engineering, to lead the growing offshore wind farm construction market in Japan. JOM’s new challenge begins with overcoming Japan’s challenging natural conditions such as harsh metocean conditions, earthquakes, and complex soil conditions.”

11/02/2021