Meyer Werft plans to consolidate its offshore converter activities in a new Neptun Offshore subsidiary, NEPTUN Offshore GmbH & Co. KG. The company will also hold Meyer Werft’s 50% stake in the NEPTUN SMULDERS Offshore Renewables (NSORe) joint venture, according to the group’s announcement of the new structure.
The activities are due to be consolidated in the new company in the coming weeks. Meyer Werft said converter construction has technical and regulatory requirements that differ from shipbuilding, including materials, lead times, testing and IT systems, and financing. The group aims to have the structure in place before construction of the first platform begins in 2028.
NSORe, an equal joint venture between NEPTUN WERFT and Belgian company Smulders, has secured contracts from German grid operator 50Hertz for the LanWin3 and LanWin6 offshore converter platforms. The value attributable to NSORe across the two projects is approximately €2.5 billion. Meyer Werft expects the projects to create up to 1,000 direct and indirect jobs in the region.
Malte Poelmann, already an NSORe managing director alongside Dieter Weyns, will lead the new subsidiary. The LanWin3 contract was the joint venture’s second converter-platform award from 50Hertz.
