SBM Offshore and Technip Energies have signed a memorandum of understanding for the creation of integrated floating solutions for the floating offshore wind market, the companies announced March 14.

EkWiL, the 50/50 joint venture entity between the companies, will deploy Technip’s Semi-submersible INO15 by T.E.N. and SBM’s Tension Leg Platform Float4Wind. Both technologies "cover a large spectrum of the Floating Offshore Wind market," Technip said in a March 14 press release.

"By leveraging the synergies of complementary technologies and supply chain experience, EkWiL will increase predictability to meet market demand and deliver on our ambition to provide new energy solutions,” said Arnaud Pieton, CEO of Technip Energies.