Home Front end Technip Energies to Provide FEED for Equinor Floating Offshore Wind Firefly Project in South Korea

Technip Energies to Provide FEED for Equinor Floating Offshore Wind Firefly Project in South Korea


PARIS, April 04, 2022–(BUSINESS WIRE)–Technip Energies (PARIS:TE) has been selected by Equinor South Korea Co Ltd to perform a front-end engineering design (FEED) for the Firefly offshore floating wind project, located 70 kilometers offshore the east coast of South Korea.

The FEED contract covers the engineering of the floating wind turbine substructures for the 800 megawatt offshore wind farm project. The design of the substructures will include Technip Energies’ INO15™ internal float technology. With a capacity of 15 megawatts, the INO15™ technology is a three-column semi-submersible float well suited to mass production. The design of the substructure conforms to Equinor semi-wind design principles.

The Firefly wind farm is planned for an area of ​​2 x 75 km2 off the city of Ulsan in South Korea and will be used to supply the Korean grid. Its commissioning is scheduled for 2027.

Willy Gauttier, VP Offshore Floating Wind at Technip Energies, commented : “We are happy to have received this FEED from our long-time customer Equinor and that INO15 float technology was chosen for the development of the offshore wind farm. It perfectly illustrates that engineering and technology will be essential to accelerate the energy transition. Through Project Firefly, we are committed to supporting Equinor in its goal of achieving net installed renewable energy capacity of 12 to 16 gigawatts by 2030.”

About Technip Energies

Technip Energies is a leading engineering and technology company for the energy transition, with leading positions in liquefied natural gas (LNG), hydrogen and ethylene as well as growing market positions in the blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by an extensive offering of technologies, products and services.

Present in 34 countries, our 15,000 employees are fully committed to bringing our customers’ innovative projects to life, to breaking down borders to accelerate the energy transition for a better future.

Technip Energies is listed on Euronext Paris with American Certificates of Deposit (“ADR”) traded over-the-counter in the United States. For more information: www.technipenergies.com.

Important Information for Investors and Security Holders

Forward-looking statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events and to revenues, profits, cash flows or other aspects of Technip Energies’ operations or results of operations. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “anticipate”, “should”, “should”, “could”. ‘, ‘could’, ‘estimate’, ‘outlook’ and similar expressions, including their negative form. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions regarding future developments and business conditions and their potential effect on Technip Energies. Although Technip Energies believes that these forward-looking statements are reasonable as made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are material or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies historical experience and current expectations or projections of Technip Energies. . Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those set forth in the forward-looking statements. For additional information on known material factors that could cause actual results to differ materially from projected results, please see Technip Energies’ risk factors disclosed in Technip Energies’ filings with the Securities and Exchange Commission. United States, which includes amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no obligation and will not necessarily update forward-looking statements in light of new information or future events, except to the extent required by applicable law.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220403005099/en/


Investor Relations

Phil Lindsay
Vice President Investor Relations
Tel: +44 20 7585 5051
Email: Philippe Lindsay

Media Relations

Stella Smoke
Press Relations & Digital Communication Director
Tel: +33 (1) 85 67 40 95
Email: Stella Fumey

Jason Hyonne
Responsible for press relations and social networks
Tel: +33 1 47 78 22 89
Email: Jason Hyonne