195;rsted A/S Ørsted Joins Norwegian Offshore Wind Consortium With Fred. Olsen Renewables And Hafslund Eco
09 Juni 2021 - 12:18PM
Dow Jones News
TIDMORSTED
Ørsted joins consortium with Fred. Olsen Renewables and Hafslund
Eco establishing a long-term partnership to develop offshore wind in
Norway and to compete in Norway's upcoming application round for
offshore wind areas.
The Norwegian part of the North Sea holds great potential for the
development of large-scale offshore wind farms that can supply green
energy to Norwegian industries and households, and potentially also to
other countries in the North Sea through the offshore grid needed to
enable the massive build-out of offshore wind across Europe towards
2050. Offshore wind and offshore grid combined will create a profitable
solution for Norway, utilising Norwegian flexible hydropower and
delivering renewable power at low cost.
The three parties see the cooperation as the perfect fit for realising
large-scale offshore wind projects in combination with an offshore grid.
The consortium has the aim to deliver both bottom-fixed and floating
offshore wind power, while developing the Norwegian supply chain for the
expected large-scale build-out of offshore wind in Norway and in Europe.
Ørsted, Hafslund Eco and Fred. Olsen Renewables will be equal
partners in the consortium which will be applying for licenses in both
areas appointed by the Norwegian government, Utsira Nord and
Sørlige Nordsjø II. The upcoming allocation round is expected
to consist of up to 4.5GW across the two areas, with the technical
potential being much higher.
The Norwegian government has been a front runner in supporting the
early-stage development of floating offshore wind, and the partnership
will work closely with the strong local supply chain to expand Norway's
strategic position within floating offshore wind, specifically on the
Utsira Nord site.
Martin Neubert, Chief Commercial Officer and Deputy Group CEO at
Ørsted, says:
"This partnership is an important step for Ørsted, as we expand our
footprint in the Nordics. At the same time, we have made the strategic
choice to drive the commercialisation of floating offshore wind to
unlock the massive potential of the technology around the world where
Norway can become a key market in Europe."
Rasmus Errboe, Head of Region Continental Europe at Ørsted, says:
"We're very happy to enter the Norwegian market for offshore wind with
Fred. Olsen Renewables and Hafslund Eco, whose vast experience in
renewable energy, power markets, the offshore wind supply chain and
infrastructure makes them perfect partners for us. The consortium has a
very strong position to compete for both bottom-fixed and floating
offshore wind in the areas expected to be tendered by the Norwegian
government."
Anette Olsen, Managing Director of Bonheur and proprietor of Fred. Olsen
& Co. says:
"Adding to the extensive experience within renewable energy, energy
grids and offshore wind, possessed by Hafslund Eco and Fred. Olsen
related companies, Ørsted brings along the largest track record and
competence in the world in developing local supply chains in this
industry. This has resulted in significant creation of new local green
jobs within offshore wind. Fred. Olsen related companies have for years
worked successfully with Ørsted around the globe to develop strong
supply chains for transport, installation, upgrades and maintenance of
offshore wind turbines. Through this our companies have experienced
Ørsted's competence and desire to develop local jobs in real life
situations. With the addition of Ørsted, the consortium has further
strengthened its ability to successfully assist Norway to secure a
sustainable and efficient way forward within offshore wind."
Finn Bjørn Ruyter, CEO of Hafslund Eco says:
"Offshore grid combined with offshore wind will create a profitable
solution for Norway, delivering renewable power at low cost for
electrification and green industrial growth. Ørsted has for many
years been the leader in bringing down the cost of offshore wind, which
is a significant advantage on the journey to realise offshore wind in
Norway and contributing to future export of Norwegian solutions."
For further information, please reach out to:
Ørsted Media Relations
Michael Korsgaard
+45 99 55 94 25
mikon@orsted.dk
https://www.globenewswire.com/Tracker?data=A_dxaiY--y5lQ5FpftEbk-VghjbqVz7NjlCqiJZO2XtgvBZ7d1r_pEZT1FU496lDJot7s4cDV9s_QhROGTSOlw==
Ørsted Investor Relations
Allan Bødskov Andersen
+ 45 99 55 79 96
ir@orsted.dk
Hafslund Eco
Per Storm-Mathisen
Communication manager
+47 982 55 406
per.storm-mathisen@hafslundeco.no
https://www.globenewswire.com/Tracker?data=k89C88XkThVPsLqDqlf06_xcyaI0wUTGB9LnFeJlQmXtud9-f1MKA27_9fcYLPNRSxahOojDIrtEuarl1Juny2cIbXiXAwlRwzKzTPKC1q6v7liVWCFrGipNVixkS3KouURWVy81igApFiGuFxLUiw==
Fred. Olsen & Co.
Inger Lise Bogerud
+47 957 36 596
inger-lise.bogerud@fredolsen.com
https://www.globenewswire.com/Tracker?data=2VGR_tas9_U3eJh7Cra1vFlbgwJGJ5SBSo15-fXtbx_MzL67qNbGgVewoyOKgAqYzNS-ZyBGs8mBy97dM_hcxdkhExLkiGcGhfJl_lkHg6i1sxfTUu4XXTjmJFdMK6Pk
As the global leader in offshore wind, Ørsted has more than 3,000
employees dedicated to offshore wind, covering all aspects of developing,
constructing, operating and owning offshore wind farms. Ørsted has
constructed 7.5 GW of offshore wind, including the world's first
offshore wind farm in 1991, and currently has 27 offshore wind farms in
operation across Europe, the USA and Asia Pacific. Headquartered in
Denmark, Ørsted has built several offshore wind farms in the North
Sea as a trusted partner to governments in Denmark, the UK, Germany, and
the Netherlands.
Fred. Olsen Renewables is a developer, owner and operator of renewable
energy with history back to the mid-1990s, with 12 operating wind farms
and a total project pipeline of 4 GW in onshore and offshore wind.
Fred. Olsen-related companies employ more than 2000 people within
renewables and have in depth experience from offshore wind. Fred. Olsen
Renewables is wholly owned by the listed (Oslo Stock Exchange) company
Bonheur ASA.
Hafslund Eco is a renewable energy and infrastructure group that is
wholly owned by the City of Oslo. The company is the second largest
power producer in Norway and owns and operates 80 hydropower plants,
with an annual production of 21 TWh. The company also owns 50 % of
Norway's largest grid company through the ownership of Eidsiva Energi.
Building on 130 years' history of pioneering renewable energy production
and long-term value creation in Norway, Hafslund Eco is developing
offshore wind in the North Sea.
Attachment
-- EN_Norway_NFO
https://ml-eu.globenewswire.com/Resource/Download/844d4659-0e2f-440a-8b02-61f6d83c5840
(END) Dow Jones Newswires
June 09, 2021 06:10 ET (10:10 GMT)
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