Wind Energy – Drilling Foundations
Saipem is struggling to drill foundations for a wind farm off France’s northwest coast, where it’s on the hook for hundreds of millions of euros in cost overruns, people with knowledge of the matter said.
The company in 2021 won a €460 million ($474 million) contract to build and install foundations for 64 turbines at the Courseulles-sur-Mer project, led by Electricite de France.
Faulty boring equipment has slowed progress and the wind farm will likely be commissioned in 2026 at the earliest, rather than this year as planned.
