Sweden-headquartered SeaTwirl has signed a Memorandum of Understanding (MoU) with Kontiki Winds to identify and discuss the opportunities to electrify oil and gas assets and other offshore applications, with the use of SeaTwirl’s floating wind turbines.

Under the MoU, the two companies will explore new opportunities in the market to implement offshore wind into new and existing oil and gas assets and microgrid applications such as the powering of fish farms, desalination plants and/or other small-scale applications that currently are based on fossil fuel electricity generation.