Aquaterra and Seawind to develop offshore floating wind and green hydrogen production project

Aquaterra Energy and Seawind Ocean Technology have announced to develop offshore floating wind and green hydrogen production project.

The duo unveiled the plans to co-develop his project, which could be the world’s largest offshore floating wind and green hydrogen project. The project will be built in Italian ultra-deep waters.

It has been informed that the HyMed project will have a production capacity of 3.2GW of electricity. Out of this, over 1GW will be green hydrogen. Then, the green hydrogen onshore will be transported by pipeline or by vessels to global markets.

According to Aquaterra Energy, it will “provide its offshore engineering and green hydrogen production expertise to ensure the right approach and solutions are chosen to drive the development forward.”

On the other side, Seawind multiyear will utilize its experience on floating offshore wind technology.

Renewables Director at Aquaterra Energy Anne Haase was quoted in a statement, “With governments and business recognising the value of hydrogen as a vital resource for net zero initiatives, energy security, and guarding against volatile natural gas prices, we are hugely excited by the opportunities for production presented by this new partnership.”

Meanwhile, CEO at Seawind Ocean Technology Dimitrios Moudouris commented, “We are pleased to partner with Aquaterra Energy in these highly impactful projects in Italy and Greece. We consider the Mediterranean to be the best area where significant offshore wind projects can be developed and cross-border synergies can be made, serving Europe and MENA.

The project is expected to be completed in 2027.