AKER HORIZONS ASA Mainstream Renewable Power ("Mainstream"), the global renewable energy company majority-owned byAker Horizons , Ocean Winds and Statkraft have signed a memorandum of understanding (MoU) withAker Solutions , inNorway to collaborate on offshore wind at Utsira Nord. Mainstream, Ocean Winds and Statkraft are in a consortium to pursue an application to develop floating wind power at the Utsira Nord license area in 2023. The consortium andAker Solutions will together develop sustainable and cost -efficient technologies which include design, construction, fabrication and installation initiatives and other innovative solutions and new technology to lower costs. The collaboration aims to further develop capabilities across the Norwegian supply chain and strengthenNorway's competitiveness in floating wind. Combining Mainstream's offshore wind development experience and five decades ofNorth Sea expertise in offshore development, execution, and marine operations as a member of the Aker group of companies, the experience of Ocean Winds in developing, building, and operating bottom-fixed and floating offshore winds farms globally, and Statkraft´s deep expertise in renewable energy development, operations and management, the consortium covers the full value chain from development to delivery of offshore clean energy to market. Mainstream and Ocean Winds, theENGIE and EDPR joint venture dedicated to offshore wind, are currently developing two projects with an estimated capacity of 3 GW of floating offshore wind in theUnited Kingdom andSouth Korea . Statkraft and Mainstream have a separate and well-established partnership for the development of bottom-fixed offshore wind inNorway .Aker Solutions is an integrated solutions, products and services provider to the global energy industry with expertise and execution capacity inNorway through its expansive yards, world class production line and its strong network of suppliers and subcontractors. Tove Røskaft, Head of Offshore Wind at Mainstream, said: "The offshore wind journey is just getting started inNorway and innovative collaboration models are needed to ensure we positionNorway competitively in offshore wind. We believe that bringing together the strengths from across the Aker group, along with those of our partners Ocean Winds and Statkraft, will position Utsira Nord at the forefront of the floating wind industry globally, while bringing broad benefits toNorway through new jobs, new technology and new green energy."Oscar Diaz , Chief EPCI Officer,Ocean Winds , said: "As a pioneer in the floating offshore wind sector with more than 10 years of experience from development to operations, Ocean Winds is looking forward to working together with Norwegian partners and suppliers to build a successful supply chain and create enriching opportunities."David Flood , SVP Offshore Wind in Statkraft, said: "Statkraft is pursuing an industrial role for offshore wind in theNorth Sea , andNorway is a crucial market for our strategy. Teaming up withAker Solutions gives a strong push for the consortium in our ambitions to develop Utsira Nord and the market for offshore wind inNorway and demonstrates our commitment to utilizing Norwegian competence and progressing the Norwegian supply chain for international competition."Stephen Bull , EVP Renewables,Aker Solutions , said: "Floating offshore wind is a huge industrial opportunity for the supply chain to collaborate and build on the decades of offshore expertise developed in theNorth Sea . Together with the consortium, we have the experience, innovation and cost-competitive models required to deliver the next full-scale floating offshore wind farm inNorway and take the industry to new, unexplored depths. We are excited to build a partnership focused solely on driving forward the next chapter inNorway's energy legacy, whilst contributing to the government's 2050 net-zero target." Utsira Nord, an area off the coast of Haugesund in westernNorway , is known for having consistently strong winds. Offshore wind is a rapidly maturing renewable energy technology that is poised to play an important role in the future energy system and the partners are ready to pursue the possibilities in the Utsira Nord license area. ENDS MEDIA CONTACTS Mainstream: maria.knudsen@mainstreamrp.com Ocean Winds: josemiguel.mesa@oceanwinds.com Statkraft: geir.fuglseth@statkraft.comAker Solutions : rebecca.cox@akersolutions.com ABOUT THE UTSIRA NORD CONSORTIUMMainstream Renewable Power , Ocean Winds and Statkraft are partnering in the upcoming Utsira Nord tender process to develop floating offshore wind inNorway . Together, we have unparalleled expertise in the development and operations of floating offshore wind farms, a long track record in industry development and transformation, and broad experience from Norwegian and global energy markets. To learn more, visit our consortium website: www.utsiraoffshorewind.com ABOUTMAINSTREAM RENEWABLE POWER Mainstream Renewable Power ("Mainstream"), with a global project portfolio of more than 29 GW, is a leading pure-play renewable energy company with a presence acrossEurope , theAmericas ,Africa , andAsia-Pacific . Employing over 700 people across 20 markets, Mainstream has raised more thanEUR 3.0 billion in project finance to date. InMay 2021 ,Norway -basedAker Horizons acquired a majority stake in Mainstream and, inApril 2022 ,Japan -basedMitsui & Co., Ltd. joinedAker 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 inVietnam ,South Korea ,Japan ,Norway ,Ireland , theUK , the US, andSweden . 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 Aker group companies with Mainstream's strong development and execution track record. Mainstream has developed approximately 20% of theUK's offshore wind capacity either in construction or operation including the world's largest offshore operating wind farm in at Hornsea. Further to our ambition in the floating wind market, the company holds preferential rights to bankable floating foundation technology through ownership inPrinciple Power . Mainstream is currently developing a net capacity of 1.3 GW of floating offshore wind inScotland andSouth Korea and 1.23 GW of fixed bottom offshore wind inVietnam . Follow us on LinkedIn (https://nor01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww. l inkedin.com%2Fcompany%2Fmainstream-renewable -power%2F&data=05%7C01%7C%7C7122d63543e74267979708dab217611c%7Ca323601c18c04154a e b825f6ac8379d0%7C0%7C0%7C638018110722578493%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4w L jAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=w%2B a X9ohF1y80p0pbEG%2FkBMPA2Ks%2B7vZay%2Ff9MrA6Cac%3D&reserved=0) and @MainstreamRP on Twitter. For more information, visit www.mainstreamrp.com (https://nor01.safelinks.protection.outlook.com/?url=http%3 A %2F%2Fwww.mainstreamrp.com%2F&data=05%7C01%7C%7C7122d63543e74267979708dab217611c % 7Ca323601c18c04154aeb825f6ac8379d0%7C0%7C0%7C638018110722578493%7CUnknown%7CTWFp b GZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000 % 7C%7C%7C&sdata=10kN4dzeaeO%2Fgz7Qgh6RItxG1aWy4yJg9wG7PGsSD6Y%3D&reserved=0) ABOUT OCEAN WINDS Ocean Winds (OW) is an international company dedicated to offshore wind energy and created as a 50-50 joint venture, owned by EDP Renewables andENGIE . Based on its belief that offshore wind energy is an essential part of the global energy transition, OW develops, finances, builds and operates offshore wind farm projects all around the world. When EDP andENGIE 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 operating, contracted or with grid connection rights granted reaches 16.6 GW. OW, headquartered inMadrid , is currently present in 8 countries, and primarily targets markets inEurope ,the United States , selected parts ofAsia , andBrazil . More information: www.oceanwinds.com Follow us on LinkedIn (https://www.linkedin.com/company/66889041/) ABOUT STATKRAFT Statkraft isEurope's largest renewable energy generator and energy market access provider, and a global company in renewable power production and energy market operations. We have extensive capability from the development and operation of global onshore wind and experience in significant offshore wind projects in theUnited Kingdom andIreland . We provide leading analysis of power market and power systems, including forecasts, operational and financial risks, and we have broad experience in managing and optimizing renewable energy plants and assets around the world. More information: www.statkraft.com ABOUTAKER SOLUTIONS Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production.Aker Solutions employs approximately 14,000 people in more than 20 countries. For more information, visit: www.akersolutions.com
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