MMA Pinnacle is one of threee vessels owned by MMA Offshore that are set to work on Taiwanese offshore wind projects (source: MMA)
MMA Offshore has been awarded three contracts supporting offshore wind developments in Taiwan
The three contracts, with firm periods totalling 370 days, will increase the company’s contracted revenue by approximately A$30M (US$20M) and provide for additional potential revenue of approximately A$15M from 180 days in additional option periods.
In March 2023,MMA Pinnaclewill mobilise from Singapore to Taiwan to support Seaway 7 on a windfarm development project. MMA will deliver a range of capabilities, including cable installation, remotely operated vehicles (ROVs) and survey operations. The contract is for a firm period of 180 days with 90 days in extension options.
MMA Prestige will provide walk-to-work accommodation support services for wind turbine maintenance operations in Taiwan. The contract is expected to commence Q2 2023 for a firm period of 130 days with a further 60 days in extension options.
MMA Crystal, with an integrated ROV, survey spread and A-frame, has been contracted to undertake cable trenching and survey support services. This integrated support contract is expected to commence April 2023 for a firm period of 60 days with a further 30 days in extension options.
MMA managing director David Ross said, “We are extremely pleased to secure contracts for two of our larger vessels for a material portion of 2023 underpinning utilisation of our MPSV fleet. These contract awards are a major milestone in our diversification strategy, with offshore wind being a key target market for MMA in future.
“It is also very pleasing to see our Taiwan-flagged vessel MMA Crystal secure an integrated support contract through our local Taiwanese entity MMA Clean Energy. This is an endorsement to our entry into Taiwan, to support the growing offshore wind market in the region.”
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