GeoSea ties Taiwan knot
JV with CSBC Corp to target foundation and turbine installation
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.