Neretek and Vestas sign Memorandum of Understanding to explore opportunities to accelerate offshore wind deployment in deeper waters
Companies establish a framework to evaluate opportunities where innovative foundation and turbine solutions can be deployed together.
Collaboration supports the emerging Other Deep Water Offshore Wind (ODOW) segment and wider offshore wind deployment in deeper waters.
Shared ambition to expand access to high-quality wind resources, increase the addressable offshore wind market and support the global energy transition.
06 October 2026, London | Edinburgh
Neretek, an offshore wind technology company founded by Wood Thilsted and COP Frontier, and Vestas, a global leader in offshore wind energy solutions, have signed a Memorandum of Understanding (MoU) to explore opportunities for deploying innovative foundation and turbine technologies together in deeper-water offshore wind projects.
The agreement reflects the companies' shared ambition to help unlock the emerging Other Deep Water Offshore Wind (ODOW) segment, accelerating offshore wind deployment in water depths beyond the reach of conventional fixed-bottom solutions while expanding access to some of the world's strongest wind resources.
As offshore wind development continues to expand into deeper waters, the industry faces the challenge of maintaining deployment momentum while delivering projects that are economically viable, scalable and capable of leveraging established supply chains. New approaches will be needed to bridge the gap between traditional fixed-bottom foundations and floating wind technologies, creating additional pathways for offshore wind development across a broader range of water depths.
Through the MoU, Neretek and Vestas will establish a framework for collaboration to evaluate opportunities where innovative foundation and turbine solutions may be deployed together. Bringing together Neretek's BC90™ foundation concept for transitional water depths and Vestas' global expertise in offshore wind turbines and engineering, the collaboration will explore opportunities to accelerate offshore wind deployment in deeper waters, broaden access to high-quality wind resources and support the next phase of industry growth.
Jonathan Cole, Chair at Neretek, said:
"The offshore wind industry's next phase of growth will increasingly depend on our ability to deploy projects in deeper waters while maintaining the pace and scale required to meet energy transition objectives.
This collaboration with Vestas brings together expertise from across the offshore wind value chain. By exploring how innovative foundation and turbine solutions can work together, we can help create new pathways for development in deeper waters and support the emergence of the ODOW segment.”
Damien Lhors, Global Head of Offshore at Vestas, said:
"Wind energy will form the backbone of the sustainable energy systems of the future, and continued innovation across the offshore wind value chain will be critical to accelerating the energy transition.
Through this collaboration, we look forward to exploring opportunities where advanced turbine and foundation technologies can support the next generation of offshore wind projects and unlock new areas for development in deeper waters."
Under the MoU, the parties will maintain an ongoing dialogue and technical collaboration to assess potential opportunities and applications for their respective technologies. The agreement reflects a shared commitment to supporting solutions that can expand the addressable offshore wind market, improve access to high-quality wind resources and contribute to global decarbonisation goals.
As offshore wind development progresses into deeper waters, collaboration across the value chain will be critical to unlocking new deployment opportunities, improving access to high-quality wind resources and maintaining the pace and scale of growth required to deliver global energy transition ambitions.
About Neretek
Neretek™ is an offshore wind technology company founded by leading offshore wind players Wood Thilsted and COP Frontier to unlock the potential of deepwater offshore wind. Its flagship BC90™ foundation combines monopile simplicity with deepwater capability, enabling lower-cost, lower-risk deployment in transitional 60-90 metres water depths and supporting the growth of offshore wind at scale.
About Vestas
Vestas is the energy industry’s global partner in sustainable energy solutions. Vestas designs, manufactures, installs, and services onshore and offshore wind turbines worldwide, and has installed more wind power capacity than any other company. Through industry-leading smart data capabilities and an unparalleled fleet of wind turbines under service, Vestas uses data to interpret, forecast, and optimise wind resources while delivering best-in-class wind power solutions. Together with its customers, Vestas’ employees are helping bring sustainable energy solutions to power a bright future.