Archer has entered into an agreement with Remold Invest AS to acquire 100 percent of the shares in the floating offshore wind solutions provider Moreld Ocean Wind (MOW), including a minority stake in US/French technology company Ocergy (OCY).
With around 30 engineers based in Norway, MOW delivers project management and engineering for the fabrication and assembly of floating substructures for wind turbines. The floating substructures, developed and designed by OCY, are suited for serial production, as the modules are prefabricated and assembled in ports or yards near the wind farm's location. MOW is currently engaged in various studies, front-end projects, and engineering contracts, and has been selected as the preferred supplier by several wind farm developers for upcoming project bids.
