Aker Offshore Wind reports on the development of its pipeline in Asia, Europe and America, as well as on the development of innovative technologies, particularly in floating wind turbines.
Asia
In South Korea, the company’s consortium with Ocean Winds has secured exclusive rights from the city of Ulsan to explore the development of three offshore zones for up to 1.2 GW, progressing the projects towards the first IDF as early as 2024-25.
The South Korean projects are expected to be among the world’s first large-scale floating wind farms.
In Japan, Aker Offshore Wind and Mainstream Renewable Power’s plans to acquire an initial 50% stake in Progression Energy’s 800 MW floating offshore project are progressing according to plan, and the deal is expected to close shortly.
Europe and North America
In Norway, the company has formed partnerships for deepwater wind farms with global energy giant bp and Statkraft, Europe’s largest renewable energy producer, and with Statkraft and Ocean Winds for floating wind farms, in anticipation of permitting procedures due to begin later in 2022.
Aker Offshore Wind and its partners are carrying out environmental impact studies for offshore sites in Sweden and on the West Coast of the USA, where the company is preparing for a lease auction in September 2022.
Aker Offshore Wind remains committed to offshore floating wind development in the UK, where future opportunities include floating wind plans in the Celtic Sea and the INTOG lease process to help decarbonize Scotland’s land and gas sector.
Principle Power
The company is the main shareholder in Principle Power, which has one of the few field-proven floating wind turbine concepts in the industry, and whose technology is deployed in the commercial Kincardine project off Alberdeen, the largest floating wind farm currently in operation.
Aker Horizons remains fully committed to supporting Aker Offshore Wind as a long-term owner, and will ensure that the company has access to sufficient funding to maintain its operations and pursue its development program.
The company is not currently planning a capital increase.
In addition, Aker Offshore Wind remains committed to its strategy and to the development of its international project portfolio following the ScotWind lease round, in which the company was not awarded any project licenses.
