Saipem, Siemens Energy Sign MoU for Floating Electrical Substation Offshore Wind Concept

• (PLX AI) - Saipem and Siemens Energy sign a MoU to develop floating electrical substation concept for offshore wind sector.
• • This is a concept design for a 500 MW high-voltage alternating current (HVAC) floating electrical substation for use in offshore wind farms
• • Floating offshore substations, installed in deep water, offer several advantages such as a lighter substructure, an easier and asset-light installation in challenging conditions as well as lower decommissioning costs, according to Saipem