Kvaerner establishes two new focus areas to grow its operations within both oil and gas projects and in renewable industries. Going forward, Kvaerner will expand operations with the growth areas renewables and floating production units.
The aim is to increase annual revenue, from around NOK 7.3 billion in 2018 to NOK 10 billion within 2023. Significant wind power projects are expected both on the Norwegian continental shelf and internationally. Kvaerner has already delivered over 50 units for offshore wind projects, and is currently involved in early phase work for several customers. In the future, Kvaerner also sees opportunities for wind power in other regions especially offshore Europe and North America.
