innogy Exits Offshore Service Vessel Market

innogy’s offshore installation vessel ‘Seabreeze II’ has a new owner: SPIC Ronghe International Financial Leasing Co. Ltd., a Hong Kong based company.

Richard Sandford, Director of Offshore Investment & Asset Management at innogy SE explains the move: “A decade ago innogy took the decision to eliminate an important bottleneck in the construction of offshore wind farms via the ownership and operation of its own installation vessels. However, since that time, such bottlenecks have eased through the availability of a range of state of the art installation vessels that are available worldwide in innogy’s current and future core markets."

The ownership and operation of offshore service vessels is not considered as a core business activity of innogy, so the company decided to sell Seabreeze II.