Saipem SPM STAR 1 floating + Divento 5 Mar 2025 (7 Seas Med Sicily 252 MW + Ichnusa Sardinia 504 MW) + Fincantieri FCT Vard 8/20 CSOV 2024 + Renexia Med Wind 2.8 GW EUR 9.3 bn.
Italian offshore-wind delivery workforce against Saipem S.p.A. (Borsa Italiana SPM; STAR 1 semi-submersible floating-wind foundation unveiled March 2025; collaboration agreement with Divento 5 March 2025 covering 7 Seas Med Sicily 252 MW ~800 GWh/yr + Ichnusa Wind Power Sardinia 504 MW ~1.6 TWh/yr; post-merger Saipem7 inherits Subsea7's offshore-wind installation fleet H2 2026), Subsea7 / Seaway7 (pre-merger separate; post-merger absorbed into Saipem7 Offshore E&C unit autonomously branded Subsea7), Fincantieri S.p.A. (FCT) + Vard (Offshore & specialised vessels segment 2024 revenue EUR 1.37 bn +28.1%; segment EBITDA EUR 67 m; segment orders EUR 1.56 bn incl. offshore-wind support vessels; Vard 2024 CSOV orders 2 Windward Offshore + 2 Dong Fang Offshore + 2 Navigare Capital Partners + 1 Cyan Renewables + 1 REM Offshore; Vard ~1/3 global SOV/CSOV order book share), Rosetti Marino S.p.A. (Ravenna offshore fabrication; conceptual design for AGNES Romagna Hub off Ravenna 2022 award; FSRU works off Ravenna with Saipem/MICOPERI for Snam; ~$428 m offshore contract 2024-25 cycle), and Renexia S.p.A. Toto Holding (developer of Med Wind 2.8 GW 156 floating turbines ~80 km off Sicily; EUR 9.3 bn capex; ~9 TWh/yr; EIA submitted 2024; FID expected 2025; turbines/foundation assembly from 2027; full commissioning 2032; FEED with Technip Energies + geotech with Fugro + MingYang FEED agreement; ~1,300 direct + 2,000+ induced jobs) — 7 Seas Med (Sicily 252 MW first Italian floating-wind project with environmental compatibility decree from MASE) + Ichnusa Wind Power (Sardinia 504 MW) + Med Wind 2.8 GW Sicily flagship (EUR 9.3 bn Renexia / Toto Holding) + Snam Adriatic FSRU Ravenna (Saipem + Rosetti Marino + MICOPERI consortium completion November 2024). MASE Ministero Ambiente e Sicurezza Energetica VIA-EIA decrees + GSE FER 2 floating-wind auction mechanism + D.Lgs. 36/2023 + concessione demaniale marittima + Capitanerie di Porto + INAIL Settore Navalmeccanica + CCNL Metalmeccanica Federmeccanica for fabrication yards.
Request Technical BriefingRegulator exposure profile
- MASE VIA-EIA + GSE FER 228%
- D.Lgs. 36/2023 + Capitanerie di Porto22%
- CCNL Metalmeccanica + INAIL26%
- Concessione demaniale marittima24%
Mediterranean vessel-window seasonality.
Italian offshore-wind deployment windows: 7 Seas Med Sicily 252 MW + Ichnusa Sardinia 504 MW + Med Wind 2.8 GW Sicily flagship (Renexia FID 2025 turbines 2027 commissioning 2032). Mediterranean Q2-Q4 weather window.
Named projects in this jurisdiction
- 7 Seas Med (Sicily 252 MW ~800 GWh/yr) + Ichnusa Wind Power (Sardinia 504 MW ~1.6 TWh/yr) — Saipem + Divento collaboration agreement 5 March 2025; Saipem STAR 1 semi-submersible floating-wind foundation unveiled March 2025 Saipem + Divento JV 2025
- Med Wind (Renexia S.p.A. Toto Holding; 2.8 GW 156 floating turbines ~80 km off Sicily; EUR 9.3 bn capex; ~9 TWh/yr; EIA submitted 2024; FID expected 2025; turbines/foundation assembly from 2027; full commissioning 2032; FEED with Technip Energies + geotech Fugro + MingYang FEED; ~1,300 direct + 2,000+ induced jobs) Renexia (Toto Holding) + Technip + Fugro + MingYang
- Snam Adriatic FSRU mooring platform off Ravenna (Saipem + Rosetti Marino + MICOPERI consortium; completion November 2024) + AGNES Romagna Hub off Ravenna (Rosetti Marino conceptual design 2022 award) Saipem + Rosetti Marino + MICOPERI / Snam 2024
- Saipem S.p.A. (SPM; STAR 1 + post-Saipem7 merger H2 2026 inherits Subsea7 OW fleet) + Subsea7/Seaway7 (absorbed into Saipem7 Offshore E&C unit) + Fincantieri S.p.A. FCT + Vard (Offshore vessels 2024 EUR 1.37 bn +28.1% + Vard 8/20 CSOV ~33% global share) + Rosetti Marino S.p.A. (Ravenna $428 m 2024-25) + Renexia S.p.A. (Toto Holding developer) Saipem + Subsea7 + Fincantieri/Vard + Rosetti Marino + Renexia
Italian offshore-wind: Saipem (SPM; STAR 1 + Divento 5 Mar 2025; 7 Seas Med 252 MW + Ichnusa 504 MW), Subsea7/Seaway7 (→ Saipem7 H2 2026), Fincantieri (FCT)/Vard (8/20 CSOV 2024 ~33%), Rosetti Marino (Ravenna $428 m), Renexia/Toto (Med Wind 2.8 GW EUR 9.3 bn Sicily). Snam FSRU Nov 2024. MASE VIA-EIA + GSE FER 2 + CCNL Metalmeccanica govern.
01. Pre-pricing — CCNL Metalmeccanica + Cassa Edile
Fabrication-yard scope under CCNL Metalmeccanica (Federmeccanica). Civil scope under CCNL Edilizia 2025-2028. INAIL Settore Navalmeccanica.
02. A1 + UNI_Distacco_UE + IMCA/G+ pre-deployment
A1 + UNI_Distacco_UE per posted worker. IMCA + G+ Global Offshore Wind Health & Safety Organisation contractually mandated by major developers.
03. MASE + GSE + Capitanerie di Porto onboarding
MASE VIA-EIA approval per floating-wind. GSE FER 2 auction compliance. Capitanerie di Porto marine permitting. Concessione demaniale marittima.
04. INPS + ITSS-defensible evidence pack
Minimum pack: Italy-bank-traceable remuneration, Italian-language contract, A1 receipt, UNI_Distacco_UE receipt, CCNL Metalmeccanica reconciliation, IMCA + G+ attestation, EN 1090 EXC3+ welder cert.
05. India and Gulf sourcing corridors — the Italy offshore-wind pathway
Indian Larsen & Toubro Heavy Engineering + Gulf Saudi Binladin / Six Construct + Filipino marine pools route through D.Lgs. 36/2023 + CCNL Metalmeccanica + EN 1090 + IMCA audit-grade chain-of-custody against Saipem, Subsea7/Seaway7, Fincantieri/Vard, Rosetti Marino, or Renexia scopes.