Subsea7 awarded cable installation contract in Taiwan

Core Insights - Subsea 7 S.A. has been awarded a substantial contract by Synera Renewable Energy for the transport and installation of inter-array cables for the Formosa 4 Wind Farm, with the contract value estimated between $150 million and $300 million [1][3]. - The Formosa 4 offshore site will have a capacity of 495 MW and will consist of 35 wind turbine generators, with offshore works expected to start in 2028 [2]. - Seaway7 has also been selected as the preferred contractor for the Formosa 6 project, which involves the transport and installation of 57 inter-array cables, with contract finalization anticipated in 2026 [3]. Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [4]. - The company has been active in the Taiwanese market since 2019, marking this as its seventh contract award in the region [3].