Mitsui invests in Odfjell Oceanwind

Oct. 5, 2023
Mitsui O.S.K. Lines (MOL) has become a shareholder in Odfjell Oceanwind, the designer of the Deepsea floating offshore wind technologies.

Offshore staff

KOKSTAD, Norway  Mitsui O.S.K. Lines (MOL) has become a shareholder in Odfjell Oceanwind, the designer of the Deepsea floating offshore wind technologies.

Tokyo-based shipping company MOL has pledged funds to help Odfjell Oceanwind speed up its plan to support and work with offshore wind farm developers advance floating offshore wind projects based on Deepsea technologies.

The company already has partnerships with Source Galileo, a European platform for investments in renewable infrastructure; Japanese utility Kansai Electric Power; and Ingka, the investment arm of IKEA, for Norway’s North Sea Utsira Nord offshore wind seabed lease competition. 

Deepsea is said to provide benefits in terms of standardized and DNV-approved designs for large, 15-MW+ conventional offshore wind turbines that can be deployed to multiple locations including the harshest areas allocated for floating offshore wind.

The Deepsea Star semisubmersible foundation design (in steel) has been selected for the GoliatVIND and UtsiraVIND projects and is under consideration for various INTOG and Scotwind projects offshore Scotland and for other planned projects globally with a combined power capacity of 50 GW.

Odfjell Oceanwind CEO Per Lund said his company would benefit from MOL, operating more than 800 ships, and with a growing service portfolio relevant for floating offshore wind.

10.05.2023

curraheeshutter. (2016). Offshore Platform [Photograph]. iStock / Getty Images Plus. https://www.gettyimages.com/license/604033056.
offshore oil and gas industry
ID 314662493 © Andrii Lomako | Dreamstime.com
offshore wind
ID 313451231 © Svetlana Diacenco | Dreamstime.com
offshore wind offshore solar renewables