Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Floventis Energy Limited, a newly established joint venture between SBM Offshore and Cierco, was formed to co-own and develop the Llŷr 1 and Llŷr 2 100 MW floating offshore wind demonstration projects in the Celtic Sea south of Pembroke, after the projects were selected in the Crown Estate’s Celtic Sea floating wind leasing round. The JV combines SBM Offshore’s floating offshore expertise with Cierco’s renewable project development capability to take the Llŷr sites through leasing, environmental assessment and consent processes.