Under the SCA between Mooreast and CCCC Mechanical & Electrical Engineering Co., Ltd, both parties intend to collaborate to develop business opportunities in the floating offshore renewable energy and related offshore and marine projects in China and other parts of the world.
The SCA will leverage the scale of operations, expertise, resources, reputation and network of CCCC M&E within China and on Mooreast’s technical capabilities, track record and international network, particularly in the green and low-carbon development and floating renewable energy sector, including offshore wind farms.
Both parties will also explore related opportunities to establish an offshore wind-related industry supply chain, providing a comprehensive Engineering, Procurement, Construction and Installation solution.
Mooreast and CCCC M&E intend to pursue projects involving engineering, production, sub-assembly, transportation and/or installation of mooring and rigging systems, wind turbines, floaters and related components or equipment for floating wind energy, as well as for other offshore and marine projects.
While a major market for these products and solutions will be in China itself, both parties also see market opportunities elsewhere in view of the increasing technological sophistication and lower cost of production out of Asia.
A specialist in mooring and rigging systems for the offshore and marine sector, Mooreast is Asia’s only ultra-high power anchor designer and manufacturer and has been expanding its presence in Europe and North Asia amid increasing commercialization of floating wind energy projects worldwide.
Sim Koon Lam, Executive Director and Deputy Chairman of Mooreast, said, “We are excited and honoured to partner with a renowned corporation such as CCCC M&E. The floating offshore wind sector in China is relatively untapped compared to what has been developed onshore. We look forward to deepening our collaboration in the near future to tap domestic and international opportunities.”
