Offshore Wind Power Energy Business

Contributing to Offshore Wind Power Value Chains

Latest News

• Apr 15, 2024Japan's 1st Coastal Module Carrier to Transport Offshore Wind Turbine Foundation Components - MOL Drybulk Makes Marine Transport Deal with JFE Engineering; MOL Signs Contract for Vessel Construction -
• Jan 10, 2024MOL Forms Capital Alliance with Hokutaku, Japan's largest Wind Turbine Maintenance Company
• Nov 22, 2023MOL Signs Deal to Build a Construction SOV ("CSOV”) to Serve Offshore Wind Farms in Taiwan

Outline of Services

The MOL Group will develop and drive new "environment and emission free businesses" and strive to make them core operations in the next generation. Among them, we are offering a range of services in the value chains of offshore wind power, an emerging renewable energy field. We also promote various projects using wind energy, in addition to wind power-related businesses.

• Pre-construction marine consulting services for offshore wind power generation systems
  MOL scrutinize natural conditions, man-made conditions, and relevant laws and ordinances, and help customers select the ideal sea areas to locate wind power plants.
• Multimodal Transport
  MOL offers a full range of ocean transport services using its domestic and overseas networks, including bulk carriers and multi-purpose vessels, heavy cargo ships, module carriers, barges, and other types of ships. The company currently operates a small ocean-going module carrier with a proven track record in transporting onshore wind turbine components.
  Plans are underway for the construction of a new coastal module ship, which will be suitable for transporting offshore wind power generation equipment.
• Assembly and installation of wind turbines
  MOL has invested in Cadeler, a major Danish SEP shipowner with one of the largest self-elevating platform (SEP) fleets in the world. Cadeler-owned SEP vessels are engaged in the construction and maintenance of offshore wind turbine companies worldwide.
• Transporting maintenance technicians (CTV and SOV Business)
  The TSS PIONEER, owned and managed by Ta San Shang Marine, a joint venture between MOL and Taiwan's Ta Tong Marine, is Asia's first newbuilding service operation vessel (SOV), and supports the operation and maintenance of the Greater Changhua offshore wind farm in Taiwan operated by Orsted, the world's largest offshore wind developer.
  Ta San Shang Marine's second and third SOVs are currently under construction in Vietnam and scheduled for delivery at the end of 2025 and 2026, respectively, and will be deployed to offshore wind farms in Taiwan.
• O&M Human Resources Development and Supply
  MOL and Magsaysay, a longtime partner in the Philippines, jointly established MM Empower in 2020. The company helps customers make the most effective use of foreign personnel, with services ranging from determining needs for overseas employees to customization and operation of local training programs, dispatch of staff, and continuous care for both customers and the workforce for companies. As part of this service it offers training for O&M technicians for wind power generation systems.
• Development of O&M and Terminal Ports
  MOL maintenance and operate O&M and terminal ports, and develop safety support services.
• Forming a capital alliance with Hokutaku, Japan's largest wind turbine maintenance company
  In January 2024, MOL and Hokutaku Co., Ltd., Japan's largest wind turbine maintenance company, agreed to form a capital alliance through MOL's acquisition of a majority of Hokutaku's outstanding shares.
  MOL aims to contribute to the expansion of the offshore wind industry and create new value by pooling Hokutaku's extensive experience, know-how, and network in wind power generation maintenance with the MOL Group's operational experience in the social infrastructure business, including ocean transport. They have set their sights on becoming the partner of choice for companies throughout the offshore wind value chain.

History