TechnipFMC, Prysmian Enter Floating Offshore Wind Collaboration Agreement - Quick Facts

(RTTNews) - TechnipFMC (FTI) and Prysmian have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity. The companies plan to deliver the optimized solution through a fully integrated Engineering, Procurement, Construction and Installation commercial model.

Doug Pferdehirt, Chair and CEO at TechnipFMC, said: "The collaboration strengthens both companies' position in this emerging market by providing an integrated solution that accelerates time to first power and reduces cost, while improving overall system reliability."