Gulf Marine Services has signed a contract with an unidentified firm to support the development of an offshore wind farm in France, according to a disclosure to the London Stock Exchange yesterday. No financial details have been disclosed.

The details: The company supplies support vessels for offshore projects in the renewable energy, oil and gas sectors. The contract is due to complete in 1Q 2023, it added.

GCC interest in European offshore wind assets has been on the rise: The UAE’s Lamprell signed a contract worth over USD 200 mn to supply wind turbine components to Scotland’s Moray West offshore wind farm in September. Abu Dhabi’s Mubadala acquired stakes in German offshore wind developer Skyborn Renewables and US offshore project Bluepoint Wind in October. The acquisition of UK energy storage firm Arlington Energy by the UAE’s Masdar in late October would enable the clean energy firm to increase its offshore wind and renewables investments. Earlier this month, an agreement inked between Masdar and Azerbaijan’s state-owned oil company Socar included the joint development of offshore wind energy projects.