DORIS Eyes 30% of Turnover to Come from Offshore Renewables
After recently setting up a new business division dedicated to marine renewable energy, the DORIS Engineering group is looking at increasing its turnover from offshore renewables activities from the current 5-10% to 30% within five years.
The DORIS Renewables division complements the group's London-headquartered subsidiary ODE, and will focus on the floating wind and ocean thermal energy markets, while ODE will provide O&M services for both floating and fixed offshore energy markets.
"While ODE has been at the forefront of fixed marine renewables for almost 20 years, DORIS Engineering itself has also been active in this market for fifteen years, but without having a formalized structure. With the creation of DORIS Renewables, the Group now has real structure and identity to meet the needs of clients across the marine renewable energy sector," said Jérôme Iacovella, Head of the Renewables Business Unit at DORIS Engineering.
He further added that the new renewables division is currently an integral part of Paris-headquartered DORIS Engineering, but also pointed out that the creation of a dedicated subsidiary in the future is not excluded.
While focusing on the floating offshore wind market, the new unit will draw on the experience gained in the oil & gas sector, with special attention given to reducing costs.
"As an illustration, our extensive expertise in oil & gas is particularly relevant to work on such aspects as adapting anchoring systems to the specific requirements of floating wind turbines, with an emphasis on reducing supply and installation costs. At present, the cost of an anchorage system and its installation accounts for about 25% of the price of the floater and we have the expertise to address such challenges," Iacovella said.
Stephen Stuart-Mathews, Head of Renewables at the group's UK subsidiary ODE, said: "Applying and working with DORIS Renewables and utilising their experience in deep water from oil and gas will be very complementary to the Group’s overall renewables offering. This is especially true as wind farms move further offshore in to deeper and more challenging environments that will require floating solutions."