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GeoSea ties Taiwan knot

JV with CSBC Corp to target foundation and turbine installation

GeoSea ties Taiwan knot image

Belgian company GeoSea and Taiwan shipyard CSBC Corp are to form a joint venture to transport and install foundations and turbines for offshore wind projects off the coast of the Asian island.

The partners said the JV will become a contractor in its own right that will be incorporated in Taipei by mid-2018, subject to regulatory approval.

The JV will then start bidding for offshore wind work, they added. 

The companies said the venture will combine GeoSea’s fleet and know-how with CSBC’s local market knowledge.

Image: GeoSea

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