SUBSCRIBE
PROFILE

Mooreast quadruples its capacity with the acquisition of a new plant

Mooreast Holdings Ltd. announces the acquisition of a 98,919 m² facility, quadrupling its production capacity for the floating renewable energy sector.

Share:

Mooreast quadruple sa capacité avec l'acquisition d'une nouvelle installation.

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

Mooreast Holdings Ltd, specialists in mooring solutions, has announced the acquisition of a 98,919 m² facility from Seatrium Limited. This expansion will enable Mooreast to quadruple its production capacity, consolidating its position in the floating renewable energies market. The Mooreast Group, listed on the SGX Catalist, has obtained the option to purchase the site at 60 Shipyard Crescent from Seatrium New Energy Limited, a subsidiary of Seatrium. Seatrium is a recognized provider of engineering solutions for the offshore, marine and energy sectors.

Expansion Strategy

Mooreast, Asia’s only manufacturer of ultra-high-power anchors, expects to complete the acquisition by the end of 2024, subject to the approval of the JTC Corporation. The investment will be financed by internal resources. This new facility, adjacent to their existing 30,691 m² site at 51 Shipyard Road, will bring the total surface area to 129,609 m², boosting their production capacity. With this new infrastructure, Mooreast will be able to produce subsea foundations to support between 1.5 and 2 gigawatts (GW) of floating offshore wind power per year, compared with 0.5 GW at present. This significant increase is in response to growing market demand for floating renewable energies.

Operations Optimization

The new facility will manufacture subsea foundations and act as a logistics hub for equipment management and assembly. It will boast 865 meters of sea frontage, enabling it to accommodate specialized vessels for both onshore and offshore projects. This expansion is part of Mooreast’s strategy to increase capacity to meet expected demand in the floating renewable energy market. The company introduced new products and intensified its marketing efforts. It also expands its geographical presence with the incorporation of Mooreast Taiwan and Mooreast UK.

Projects and prospects

Mooreast has already secured several major projects, including the supply of its patented anchors for a pre-commercial floating wind farm in France, and the supply of buoys for Japan’s first commercial floating wind farm. According to Mr Sim Koon Lam, founder, CEO and executive director of Mooreast, this acquisition will enable the company to meet growing demand and strengthen its competitiveness on the international market. The acquisition of this new facility will enable Mooreast to manage projects of even greater commercial scale, consolidating its value proposition and competitive edge in international markets. By anticipating strong demand for floating renewable energies, Mooreast is strategically positioned to capitalize on future opportunities.

  • Popular on energynews.pro
Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Greek shipowners cut Russian crude links under new compliance rules
Envision Energy signs exclusive agreement for 4.5 GW wind project in Turkey
NatPower Marine and Wah Kwong launch electric port network across 30 Asian ports
Alerion completes acquisition of 14.4 MW wind farm in Ireland
Alerion Clean Power enters the Irish market through the acquisition of an onshore wind farm in County Tipperary, as part of its 2025–2028 industrial plan.
Global wind sector targets 2 TW installed capacity by 2030 despite uncertainties
Driven by China's acceleration, global wind capacity is expected to reach 170 GW in 2025, paving the way for a doubling of installed capacity by 2032.
Ocean Winds installs first foundation at Dieppe – Le Tréport offshore wind farm
Ocean Winds reaches a new milestone with the installation of the first foundation at the Dieppe – Le Tréport offshore wind farm, which will comprise 62 turbines supplying nearly 850,000 people.
Pennavel and BrestPort sign strategic agreement for Breton floating wind project
Pennavel and BrestPort strengthen their partnership around the South Brittany floating wind project, aiming to structure industrial operations from 2030 at the EMR terminal of the port of Brest.
Van Oord completes installation of 109 cables at Sofia offshore wind farm
Van Oord has completed the installation of 109 inter-array cables at the Sofia offshore wind farm, marking a major logistical milestone for this North Sea energy infrastructure project.
ERG signs three PPA contracts with FS Group for 1.2 TWh of electricity
Italian producer ERG will supply 1.2 TWh of energy to Rete Ferroviaria Italiana starting in October, marking a step forward in structuring the national PPA market.
Trump administration moves to revoke Avangrid permits for offshore wind off Massachusetts
The Trump administration plans to revoke federal approval of the New England Wind project, jeopardising offshore wind contracts representing 2,600 MW of capacity off the northeastern US coast.
Orsted sues Trump administration over halt of Revolution Wind project
Orsted and two U.S. states have taken federal legal action to contest the abrupt halt of the Revolution Wind project, a $5 billion offshore venture now at risk of prolonged suspension.
SPIE secures strategic contract for TPC II offshore wind farm in Taiwan
SPIE Wind Connect will carry out subsea connections for phase II of the TPC project, a major development in Taiwan’s offshore wind sector with a projected annual capacity of 1,000 GWh.
Envision Energy enters Turkish market with 232 MW wind project
Envision Energy launches its first project in Turkey in partnership with Yildizlar Group, adding 232 MW to the national wind capacity in Karaman province.
ABO Energy cuts costs and accelerates wind project sales
ABO Energy maintains its annual targets despite a drop in half-year profit, relying on cost-cutting measures and early project sales to secure cash flow.
Energiekontor secures financing for two wind farms totalling 94 MW in Lower Saxony
Energiekontor has closed financing for two wind projects in Verden, with a combined 94 MW, with construction starting this year and commissioning scheduled for 2027.
Seoul excludes foreign turbines in 689 MW offshore wind auction
South Korea has rejected all projects using foreign turbines in its 2025 offshore wind auction, marking a strategic shift in favour of local industry and energy security.
Denmark rejects again 37 offshore wind applications without tender
The Danish Energy Agency confirmed the rejection of 37 feasibility study permit applications, citing European Union state aid rules and lack of competition.
ACEN Australia’s 900 MW wind project secures federal approval
With an AUD$3 billion investment, ACEN launches one of Tasmania’s largest private projects, aiming for commissioning in 2030 and annual supply for 500,000 households.
In France, four citizen-funded wind turbines inject 12.9 MW into the Breton grid
In France, a 12.9 MW wind farm financed by local actors has been commissioned in Martigné-Ferchaud, showcasing an unprecedented model of shared governance between citizens, local authorities and public investment companies.
Five US coastal states challenge Trump over offshore wind projects
The governors of five states urged the Trump administration to maintain permits for threatened offshore wind projects, citing massive investments and jobs at stake in a nascent industry.
Green Wind Renewables launches 450 MW wind project in Western Australia
Green Wind Renewables is developing a 450 MW wind farm in the Wheatbelt region of Australia, with up to 75 turbines and an estimated annual output of 1.5 TWh.
RWE activates 83 megawatts of wind and solar capacity in France
German group RWE has commissioned five new power plants in France, adding 83 MW to its portfolio, following repeated successes in tenders organised by the Energy Regulatory Commission.
Monsoon Wind launches 600 MW and begins electricity exports to Vietnam
The 600 MW onshore wind farm in Laos achieves commercial operation four months early, injecting power into Vietnam via a 500 kV interconnection and consolidating an international financing package of $950mn.

Log in to read this article

You'll also have access to a selection of our best content.