General – Foundation
Seraya Partners, an investment management company based in Singapore, has launched a pure-play offshore wind farm vessel company named Cyan Renewables.
The founding company says Cyan aims at accelerating the growth of the offshore wind sector through a dedicated fleet of wind farm support vessels for offshore wind projects globally.
The new company, led by Lee Keng Lin as Chief Executive Officer (CEO), aims to own and operate USD 1 billion in vessels over three years.
The targeted vessel portfolio will comprise cable-lay vessels, SOVs and installation vessels.
Cyan Renewables is Asia’s first offshore wind farm transport operator serving the fast growing offshore wind farm industry in Asia. Led by a team of industry veterans in Singapore and Denmark, the team owns and operates sophisticated vessels to support the full lifecycle of offshore wind farms.