Fred. Olsen led companies unite to form single offshore wind O&M provider

The Fred. Olsen companies — led by Fred. Olsen Windcarrier and Global Wind Service, Natural Power, and ZephIR Lidar — have offically joined forces to create a single operations and maintenance (O&M) service provider for offshore wind farm operators.

Offshore wind construction site

Upon announcing the creation of the new O&M business setup, Fred. Olsen pointed out that the O&M sector had emerged as a significant industry in its own right, accounting for approximately 25% of a wind farm’s lifetime costs.

The scope will include inspections, major component exchange, integrated service campaigns, blade repair, high voltage management, life extension, decommissioning, and repowering.

“Together we have the people, vessels and expertise required to ensure offshore wind owners maximize the generating potential of their plant,” said Fred. Olsen Windcarrier’s Chief Executive Officer, Even Larsen.

The companies will offer the full range of their specialty services through a single contacting body, which is expected to reduce risk and management interfaces, simplify contracting and lower costs. The companies stated that with offshore wind capacity increasing in Europe and around the world, they recognized the opportunity to consolidate their skills, shared industry commitment, and previous cooperation.

“The launch of this cooperation between like-minded Fred. Olsen related companies to create a single market-facing entity is further confirmation of our dedication to the offshore wind industry and commitment to achieving long-term relationships with clients,” Larsen said.

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