Offshore Wind Power Energy Business

“Self-Elevating Platform” is also called “Wind Turbine Installation Vessels.” It is equipped with supporting legs which can rest on the seabed and move up and down. The vessel installs offshore wind power turbines safely by moving its own cranes and platform up to the sea surface with a crane. By raising and maintaining a level higher than the waves, the installation can be done even in rough sea. It can be used not only to install offshore wind turbines but also to support maintenance work on offshore oil and gas rigs. MOL holds shares in Cadeler, a leading Danish SEP ship owner that owns one of the world's largest SEP fleets. The SEPs owned by Cadeler are engaged in the construction and maintenance of offshore wind turbines around the world.

Service Operation Vessel (SOV) has accommodations for wind farm service and maintenance technicians, allowing them to stay on-site for extended periods. SOVs are equipped with a dynamic positioning system (DPS) to constantly maintain a safe distance between the vessel and the offshore wind farm, as well as a special gangway with a motion compensation function (absorbing hull movement due to wind and wave action and so on), allowing safe and easy access between the vessel and the offshore wind turbines.

Ta San Shang Marine which is a JV established between MOL and Ta Tong Marine, our key business partner in Taiwan, started the operation of the first newbuild SOV in Asia "TSS PIONEER" in 2022.  TSS PIONEER has been engaged in O&M support for the Greater Changhua Offshore Wind Farm under a Time Charter contract with Ørsted, the world’s largest offshore wind developer.
Furthermore, in November 2023, Ta San Shang Marine signed a shipbuilding contract with the Dutch Shipbuilding Company, Damen Group for the 2nd SOV “TSS CRUISER”. This vessel is being built at a shipyard in Vietnam and is scheduled for completion by the end of 2025. After delivery, “TSS CRUISER” is planned to be engaged in support operations for offshore wind farms in Taiwan.

In order to anticipate the standards and needs of the offshore wind industry, we believe that our involvement in the power generation business itself, which is the core of this industry, will enable us to enhance the sophistication and quality of our supply chain services, which is one of the strengths of our Group. By combining and packing these supply chain services, we will provide comprehensive services and one-stop services that can only be offered by our Group. 
For example, fixed-bottom offshore wind farms are currently the mainstream, but floating offshore wind power projects are highly promising. We are the only company in Asia with experience of owning and operating FSRUs, and the floating offshore wind power businesses is an area where we can utilize our knowledge and expertise in offshore businesses and offshore structure operation. As the floating offshore wind turbines are installed at a longer distance from the coast, their supply chains are also expected to be longer and larger. We are positive that our strength can be utilized throughout the entire process, including towing, installation, mooring, maintenance, and operation of wind turbine components and foundations (floating structures).