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SINGAPORE, 29 July 2023: Cyan Renewables, a leading offshore wind services platform in Asia and a portfolio company of Seraya Partners, has announced its acquisition of Groenewind, a state-of-the-art Service Operations Vessel (SOV) in Belgium. This marks Cyan’s first venture into the European market and is a significant step towards building a USD 1bn fleet to meet the rising demand for offshore wind vessel services in Asia and Europe.
Groenewind
A Cutting-Edge SOV in Belgium Groenewind, a twin-hulled DP2 advanced dynamic positioning SOV, was completed in 2021 and stands as the world’s first of its kind. Designed to operate in rough seas with enhanced safety features, it efficiently transfers crews and technicians to offshore wind farms in Belgium. The vessel’s energy-efficient design, low fuel consumption, and waste heat recovery system contribute to its sustainability goals.
Cyan Renewables’ Vision for the Future
Cyan Renewables, fully owned by Seraya Partners, has been a prominent player in the offshore wind services industry for over two decades. With extensive experience in servicing more than 50 offshore wind farms, Cyan is well-positioned as a trusted partner for wind farm developers and owners. Backed by Seraya’s resources, Cyan aims to build and operate a USD 1bn fleet over the next three years, catering to the growing demand for offshore wind vessel services in Asia and Europe.
Seraya Partners’ Strategic Initiatives
Seraya Partners, a trailblazer in energy transition and digital infrastructure, launched Cyan Renewables as its third platform in this sector. With Empyrion DC focusing on green data center solutions and Astrid Renew targeting electric vehicle chargers and energy storage opportunities, Seraya continues to make significant strides in advancing sustainable infrastructure. The acquisition of Groenewind aligns with Seraya’s approach of investing in core infrastructure assets with long-term contracts, providing investors with stable and inflation-resistant returns.
Conclusion
Cyan Renewables’ acquisition of Groenewind, a cutting-edge Service Operations Vessel in Belgium, marks a crucial milestone for the company’s expansion into the European market. As part of Seraya Partners’ vision, Cyan is set to establish a USD 1bn fleet in Asia and Europe, meeting the increasing demand for offshore wind vessel services. With Seraya’s expertise in energy transition and digital infrastructure, the company is making significant contributions to sustainable and resilient infrastructure development.
Image credit: cemreshipyard
