General – Acquisition
Cyan Renewables, Asia’s leading offshore wind services platform and a portfolio company of Seraya Partners, announced that it has acquired 100% interest in Groenewind, a state-of-the-art Service Operations Vessel (SOV) in Belgium.
The vessel is 2 years old and operating under a 17-year long-term contract to service offshore wind farms in Belgium. This transaction marks Cyan’s first acquisition in Europe.
Completed in 2021, Groenewind was the first twin-hulled DP2 advanced dynamic positioning SOV in the world. It enables safe crew transfer in significant wave heights and holds vessel position in rough seas.
It is designed to be energy efficient, reduce fuel consumption, and has built-in waste heat recovery system. Armed with a motion compensated gangway and daughter craft, Groenewind provides safety and comfort to its 24 nautical crew and technicians.
Cyan is fully owned by Seraya Partners and created by the fund in 2022 to address the large growing demand for offshore wind vessel services in Asia.
Cyan is led by Kenglin Lee (Group CEO), Lars Zohner (Europe CEO), and a team of marine and renewables veterans in Singapore and Denmark.