Cyan Renewables acquires first Offshore Wind Vessel; further acquisitions in the pipeline
SINGAPORE – Cyan Renewables, a Singapore-headquartered pure-play offshore wind farm vessel owner, has acquired its first asset from DEME Offshore NL. The Service Operation Vessel (SOV) Groenewind, is a purpose built SWATH Vessel with unique capabilities for servicing offshore wind farms all year around. The vessel hull is designed and optimized for performing safe transfers of service technicians to offshore wind turbines in all weather conditions. In its first years of operation, the vessel have set new standards for transferring service technicians allowing them to access turbines in more than 3 m significant wave heights, which is considered unique for a vessel of its size. The design of the vessel further drives down maintenance, construction and fuel costs, making it more sustainable to operate. Cyan Renewables has acquired the vessel design IP rights, which will allow the construction of future vessels with the same design.
The purchase of this first SOV is part of the company’s strategy to bolster its service capabilities and begin service offerings to clients globally. Cyan will continue to operate Gronewind’s for the next 15 years, supporting Siemens Gamesa Renewable Energy (SGRE) in maintaining three offshore wind farms in Belgium. Together, these windfarms produce enough sustainable energy to power 800,000 Belgium homes annually. The vessel will be managed from Cyan’s European headquarters in Esbjerg, Denmark.
Keng Lin Lee æÂŽ庆ä»Â, Chief Executive Officer of Cyan Renewables, said, “The acquisition of Groenewind is an important milestone for Cyan. It marks a first but critical step towards building our portfolio of offshore wind assets, as we work towards our vision of being the catalyst for a greener tomorrow – built on sustainable, renewable energy. We are honoured to have Siemens Gamesa Renewable Energy charter the vessel and thank them for their trust. As we build our portfolio to become a world-leading offshore wind vessel owner, we look forward to more collaboration with other developers.”
Cyan Renewables, launched in Q3 2022, has ambitious targets to acquire and own US$1 billion in vessels over 3 years. The company’s goal is to facilitate the world’s transition towards a greener future by being the partner of choice to both wind farm developers and vessel operators.
Technical capabilities of "Groenewind”
- Purpose-built in 2021, with a Small Waterplane Area Twin Hull (“SWATH”) design, ensuring low wave impact on vessel movement when approaching wind turbines
- Can accommodate 24 service technicians in spacious single cabins and with large modern lounge areas allowing for social interaction for the service technicians and vessel crew
- Green credentialled, including a waste heat recover system and a Clean Design notation;
- Winner of Innovation of the Year Award 2022 by Riviera Maritime
- Diesel electric propulsion, allowing for lower emission rates compared to conventional engines, further supported by lower fuel consumption from a smaller and lighter vessel design.
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