BW Offshore Limited
BW Offshore Limited
01/17/2022 | Press release | Distributed by Public on 01/17/2022 04:15
BW Offshore: BW Ideol secures close to 1GW of offshore floating wind acreage in ScotWind leasing round
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BW Offshore: BW Ideol secures close to 1GW of offshore floating wind acreage in ScotWind leasing round
BW Ideol secures close to 1GW of offshore floating wind acreage in ScotWind
leasing round
BW Offshore is pleased to announce that its subsidiary BW Ideol AS, a global
leader in floating offshore wind, as part of the Floating Energy Allyance, today
has secured the rights to a significant floating offshore wind farm with the
approximate capacity of 1GW off the northeast coast of Scotland through the
Crown Estate Scotland's ScotWind leasing round. BW Offshore owns 53.2% of the
shares outstanding in BW Ideol.
The 'option agreement' is for the area designated NE8 in the Scottish
Government's Sectoral Marine Plan for Offshore Wind, which is located some 75km
to the northeast of Fraserburgh on the Aberdeenshire coast.
The Allyance is a development partnership between BW Ideol, BayWa r.e., a global
renewable energy business with offices in Glasgow and Edinburgh, and Elicio, an
experienced Belgian offshore wind developer, owner and operator.
"The award is a validation of BW Ideol's market-leading proven floating wind
technology and the company's plan for high local value-creation through
strategically located serial manufacturing of concrete foundations as underlined
by the exclusive development of the Ardersier Port," said Marco Beenen, the CEO
of BW Offshore and chairman of the board of BW Ideol. "We extend our
gratulations to the entire BW Ideol team and the Floating Energy Allyance. BW
Offshore, with our 40 years of experience from offshore development and
operations, stands ready to support BW Ideol and the consortium in delivering
this substantial project."
Please see the full press release from BW Ideol for more information at www.bw-
ideol.com (http://www.bw-ideol.com).
BW Ideol is a leading fully integrated platform in floating offshore wind with
more than 10 years of experience from design, execution and development of
floating wind projects based on Ideol S.A.'s patented floating offshore wind
technology and engineering capabilities. The company has a dual-leg growth
strategy as a floater EPCI and maintenance services provider and as a wind-farm
project developer and co-owner. BW Ideol has two full-scale offshore floating
wind turbines in operation in France and Japan, a significant project pipeline,
and is supported by BW Offshore's extensive experience from developing and
operating offshore energy production systems.
For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40
[email protected] or www.bwoffshore.com
About BW Offshore
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 14 FPSOs with potential and ambition to grow. By leveraging four
decades of offshore operations and project execution, the Company creates
tailored offshore energy solutions for evolving markets world-wide. BW Offshore
has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.
leasing round
BW Offshore is pleased to announce that its subsidiary BW Ideol AS, a global
leader in floating offshore wind, as part of the Floating Energy Allyance, today
has secured the rights to a significant floating offshore wind farm with the
approximate capacity of 1GW off the northeast coast of Scotland through the
Crown Estate Scotland's ScotWind leasing round. BW Offshore owns 53.2% of the
shares outstanding in BW Ideol.
The 'option agreement' is for the area designated NE8 in the Scottish
Government's Sectoral Marine Plan for Offshore Wind, which is located some 75km
to the northeast of Fraserburgh on the Aberdeenshire coast.
The Allyance is a development partnership between BW Ideol, BayWa r.e., a global
renewable energy business with offices in Glasgow and Edinburgh, and Elicio, an
experienced Belgian offshore wind developer, owner and operator.
"The award is a validation of BW Ideol's market-leading proven floating wind
technology and the company's plan for high local value-creation through
strategically located serial manufacturing of concrete foundations as underlined
by the exclusive development of the Ardersier Port," said Marco Beenen, the CEO
of BW Offshore and chairman of the board of BW Ideol. "We extend our
gratulations to the entire BW Ideol team and the Floating Energy Allyance. BW
Offshore, with our 40 years of experience from offshore development and
operations, stands ready to support BW Ideol and the consortium in delivering
this substantial project."
Please see the full press release from BW Ideol for more information at www.bw-
ideol.com (http://www.bw-ideol.com).
BW Ideol is a leading fully integrated platform in floating offshore wind with
more than 10 years of experience from design, execution and development of
floating wind projects based on Ideol S.A.'s patented floating offshore wind
technology and engineering capabilities. The company has a dual-leg growth
strategy as a floater EPCI and maintenance services provider and as a wind-farm
project developer and co-owner. BW Ideol has two full-scale offshore floating
wind turbines in operation in France and Japan, a significant project pipeline,
and is supported by BW Offshore's extensive experience from developing and
operating offshore energy production systems.
For further information, please contact:
Ståle Andreassen, CFO, +65 97 27 86 47
Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40
[email protected] or www.bwoffshore.com
About BW Offshore
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 14 FPSOs with potential and ambition to grow. By leveraging four
decades of offshore operations and project execution, the Company creates
tailored offshore energy solutions for evolving markets world-wide. BW Offshore
has around 2,000 employees and is publicly listed on the Oslo Stock Exchange.