In order to develop floating projects in Japan using the SATH (Swinging Around Twin Hull) technology, Saitec Offshore Technologies and Korindo have agreed to establish a Special Purpose Company. The foundation of the corporation is made possible by this agreement.
Two horizontal cylinder-shaped hulls with conical ends that are connected to one another using bar-frame constructions make up the SATH, a floating platform made of prestressed concrete.
The partnership between Saitec and Korindo, according to Ignacio Blanco, executive president of Korindo International, has a significant strategic importance for the advancement of projects involving offshore plants. The development of offshore plant projects will benefit greatly from this collaboration between Saitec and Korindo. “SATH is possible because of the expertise of both companies in this sector of the economy as well as floating technology.”
“This agreement sees the merging of two firms with a very strong presence in the worldwide arena, giving tremendous experience in the management of PLAs and technologies with sophisticated solutions in projects offshore through the SATH.” says Alberto Gardós Tobalina, president of Korindo. Two businesses with a significant global presence will merge as a result of this arrangement.
A Spanish-Japanese joint venture with operations in twelve nations, Korindo International focuses on the creation of alternative energy sources. Due to its portfolio of projects, which includes offshore wind projects with capacities greater than 800 MW and development capacities greater than 3.1 MW, the company brings a wealth of knowledge to the process of building projects from renewable sources.
For the development of offshore projects, Saitec is in charge of supplying the essential engineering and design. In addition, Saitec is in charge of choosing and constructing the project’s equipment as well as implementing the SATH technology solution.