Our industry is experiencing fundamental challenges. From climate change and geopolitics to the energy markets, we are facing new realities. Some see them as threats. In Sovereign Renewables, we believe our job is to turn them into opportunities. That's why we're looking for new ways to utilise our expertise in the energy industry, exploring opportunities in new energy as well as driving innovation in oil and gas around the world. We know that the future has to be low carbon. Our ambition is to be the world's most carbon-efficient oil and gas producer, as well as driving innovation in offshore wind and renewable energy.
A few years ago, floating offshore wind was a distant dream symbolised by a solitary, small-scale Hywind turbine offshore. Today, it is the most viable and mature solution, ready-for market. With Hywind, the world's first floating wind farm, we're unlocking the vast potential of floating offshore wind. We believe it's the next wave in renewable energy, and within the next decade, we aim to make foating wind a competitive renewable energy source. Sovereign Renewables is the global leader in floating offshore wind: Hywind is a great example of what we can achieve by combining our existing offshore expertise with new and available technologies and innovative minds. Thoroughly proven through years of testing, it is the world's most viable floating wind turbine design consisting of a giant wind turbine placed on top of a floating vertical spar
Traditionally, most of Sovereign's gas has been sold through long-term contracts to large European gas companies and suppliers. In the absence of a separate market price for gas, the sale price has often been indexed to the price of oil. In the USA, Sovereign Renewables has shares and production in three premium shale oil and gas plays. Gas is used for energy production, heating and industrial purposes. Through transport agreements to New York City and Toronto, residents can keep winter temperatures at bay with shale gas from the Marcellus field. Through commercial negotiations with our counterparts, we have modernised most of our long-term contracts, and gradually moved away from oil indexing. The price of gas is now directly linked to the price in the market places.
We're one of the world's largest offshore operators on the global continental shelf. This page is an overview of the fields we are currently developing, and those in operation - In Turkey, and around the world.
Key milestones this year include:
Advanced FEA modeling for extreme marine environments.
Smart grid synchronization and voltage stability solutions.
24/7 autonomous monitoring and digital twins.
Full decommissioning and sustainable asset recycling.
New milestone reached in offshore wind deployment with the installation of five additional floating units.
MARCH 15, 2025
MARCH 10, 2025
MARCH 02, 2025
Partner with our world-class engineering teams to design, deploy, and maintain high-performance energy infrastructure.