Tidal Transit Signs South Korean Offshore Wind MoU

January 27, 2025, by Adnan Memija

UK-headquartered Tidal Transit has signed a memorandum of understanding (MoU) with Singapore’s Britoil Offshore Services and Sky Offshore to develop, fund, build, and operate offshore support vessels for the South Korean offshore wind industry.

South Korea has set a nationwide goal of reaching 14.3 GW of offshore wind capacity by 2030.

“South Korea is fast becoming a major hub for offshore wind, and this new venture with Britoil and Sky Offshore will enable us to leverage our combined decades of experience and expertise to more quickly and effectively respond to upcoming tenders as the sector continues to grow,” said Leo Hambro, director at Tidal Transit.

“At Tidal Transit, we’ve been operating at the very forefront of UK and European offshore wind. Through our collaboration with leading international players Britoil and Sky Offshore, we’re now poised to expand our horizons and establish ourselves as frontrunners in the evolving South Korean offshore wind industry.”

In September 2024, Tidal Transit placed an order at Singapore’s Penguin shipyard for two battery-ready crew transfer vessels (CTVs) that will be used in the offshore wind sector.

The CTVs will be fitted with Volvo Penta IPS30 propulsion – the same as is used in Tidal Transit’s eGinny 100 per cent electric retrofit project – for its fuel efficiency and readiness for battery-powered retrofit, according to the company.