Mooreast Holdings Ltd., a Singapore Exchange (SGX) Catalist-listed company, has been appointed as the exclusive strategic partner for SeaTwirl AB in ASEAN. The collaboration, announced on 2 June 2026, involves Mooreast’s subsidiary, Mooreast Asia Pte. Ltd., entering a five-year agreement with the Swedish developer of floating vertical-axis wind turbine technology. This partnership aims to explore floating wind opportunities across the 11 ASEAN member states.
The agreement allows Mooreast to lead regional business development and represent SeaTwirl’s technology to various stakeholders, including developers and government bodies. Additionally, Mooreast will be SeaTwirl’s preferred manufacturing partner, utilising its fabrication capabilities for local production of SeaTwirl’s designs.
SeaTwirl, headquartered in Gothenburg, Sweden, and listed on the Nasdaq First North Growth Market, offers floating wind technology known for its cost efficiency and maintenance ease. Its turbines feature a low centre of gravity and accessible generator house, enabling maintenance with small, locally available vessels.
The collaboration extends beyond ASEAN, with potential projects in Japan, South Korea, and India. This partnership aligns with the growing demand for floating offshore wind solutions in the ASEAN region, driven by deep-water conditions and the need for cost-effective, locally manufactured systems.
Eirik Ellingsen, CEO of Mooreast, highlighted the importance of the ASEAN market for offshore renewable energy, stating, “Through this collaboration, we aim to combine our respective strengths to support the development of competitive floating wind solutions adapted for regional conditions.” Johan Sandberg, CEO of SeaTwirl, added, “Together, we believe we can create a strong foundation for future floating offshore wind projects in Southeast Asia.”
