DEME and Penta-Ocean Construction Co., Ltd to Set Up a JV
DEME Offshore and Penta-Ocean Construction Co., Ltd., Japan’s leading marine contractor, are delighted to announce that they have officially agreed to establish a Joint Venture to focus on the construction of offshore wind farms in Japan.
The new Joint Venture brings together DEME Offshore’s marine engineering knowledge and decades of experience in the renewables sector, with the highly specialised marine construction technology of Penta-Ocean. The partners are currently in the process of establishing the Joint Venture company, whereby 51% of the shares will be owned by Penta-Ocean and 49% by DEME Offshore.
Source DEME Offshore