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Mainstream Renewable Power and Ocean Winds partner on second Scotwind floating offshore wind site

Mainstream and Ocean Winds have a longstanding partnership. The companies are currently developing a 1.2 GW floating offshore wind farm in South Korea and are in a consortium for the upcoming Utsira Nord floating offshore wind tender in Norway. By extending this partnership and developing the two sites off Shetland, Mainstream and Ocean Winds will leverage their combined expertise to maximise benefits for Shetland and Scotland, create supply chain opportunities and jobs, whilst contributing to the UK's net zero ambition.
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Mainstream and Ocean Winds have a longstanding partnership. The companies are currently developing a 1.2 GW floating offshore wind farm in South Korea and are in a consortium for the upcoming Utsira Nord floating offshore wind tender in Norway . By extending this partnership and developing the two sites off Shetland , Mainstream and Ocean Winds will leverage their combined expertise to maximise benefits for Shetland and Scotland , create supply chain opportunities and jobs, whilst contributing to the UK's net zero ambition.

The partners have commenced early-stage local engagement, meeting with supply chain partners, local authorities and fisheries representatives.

The Arven Offshore Wind Farm ("Arven") is a floating offshore wind project composed of two sites: one 1.8 GW site in the NE1 area east of the Shetland Islands, and another 500 MW site located to the south. Once operational, Arven has the capacity to generate enough energy to power up to two million homes. Arven is being developed by a joint venture between Mainstream Renewable Power and Ocean Winds under a 50:50 joint venture.

More information: www.arvenoffshorewind.com 

Ocean Winds (OW) is an international company dedicated to offshore wind energy and created as a 50-50 joint venture, owned by EDP Renewables and ENGIE. Based on our belief that offshore wind energy is an essential part of the global energy transition, we develop, finance, build and operate offshore wind farm projects all around the world.

When EDPR and ENGIE combined their offshore wind assets and project pipeline to create OW in 2019, the company had a total of 1.5 GW under construction and 4.0 GW under development. OW has been adding rapidly to that portfolio and is now on a trajectory to reach the 2025 target of 5 to 7 GW of projects in operation, or construction, and 5 to 10 GW under advanced development. In 2022, OW's offshore wind gross capacity already reaches 16.6 GW.

OW, headquartered in Madrid , is currently present in eight countries, and primarily targets markets in Europe , the United States , selected parts of Asia , and Brazil .

More information: https://www.oceanwinds.com

Media contact:  José Miguel Mesa josemiguel.mesa@oceanwinds.com

Mainstream Renewable Power ("Mainstream") is a leading pure-play renewable energy company with a presence across Europe , Latin America , Africa , and Asia-Pacific , and the company has a global portfolio of 20.8 GW at Q2, 2023. In May 2021 , Norway -based Aker Horizons acquired a majority stake in Mainstream and, in April 2022 , Japan -based Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor. In addition to bringing forward industrial-scale onshore wind and solar projects around the world, we are advancing gigawatt-scale offshore wind projects in Vietnam , South Korea , Norway , Ireland , the UK, Sweden and Australia .

The company's growth trajectory and offshore wind ambition accelerated in 2022 with the integration of Aker Offshore Wind, combining world-class development and industrialization capabilities through the Aker group of companies with Mainstream's strong development and execution track record. Further to our ambition in the floating wind market, the company holds preferential rights to bankable floating foundation technology through ownership in Principle Power. Mainstream is currently developing a net capacity of 1.5 GW of floating offshore wind in Scotland and South Korea , and 1.3 GW of fixed bottom offshore wind in Vietnam .

More information: www.mainstreamrp.com  

Media contact: Emmet Curley emmet.curley@mainstreamrp.com

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway . Across its portfolio, the company employs approximately 1,100 people in 18 countries on five continents. www.akerhorizons.com 

 

View original content:https://www.prnewswire.co.uk/news-releases/mainstream-renewable-power-and-ocean-winds-partner-on-second-scotwind-floating-offshore-wind-site-301903463.html

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