bp today agreed to join Statkraft and Aker Offshore Wind in a consortium bidding to develop offshore wind energy inNorway . The partnership - in whichbp , Statkraft and Aker Offshore Wind will each hold a 33.3% share - will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area. SN2's favourable location provides power export access to local and adjacent markets. The consortium also intends to explore opportunities to provide clean power to electrify offshore oil and gas facilities. The partnership would work with local suppliers, building industrial competencies forNorway's offshore wind market, and contribute toward value creation in the Nordic and European energy market. The consortium brings together the individual companies' strong technical skills and deep experience in offshore energy projects, covering the full value chain from development to the delivery of offshore renewable energy to market.bp has interests in the offshore wind sector in both the US andUK and a longstanding onshore wind business in the US. It brings strongNorth Sea development and operating experience, international energy trading capabilities and a disciplined financial framework to the partnership.Dev Sanyal ,bp 's executive vice president of gas and low carbon energy, said: "bp aims to grow our renewables business at scale and we see great opportunities in offshore wind energy. We have decades of offshore experience in theNorth Sea and will also bring our extensive trading capabilities and strong relationships inEurope . Coming together with Aker and Statkraft, we believe this consortium will be ideally positioned to effectively and efficiently grow and deliver clean power for European markets, as well as strengthen the supply toNorway when needed." AsEurope's largest producer of renewable energy, Statkraft's expertise in energy management and its experience and competence in wind farm development and operations provide a foundation for success in developing SN2. Christian Rynning-Tønnesen, chief executive officer of Statkraft, said: "We have extensive capability from the development and operation of onshore wind around the world and experience in significant offshore wind projects in theUnited Kingdom andIreland . Strong growth, decreasing technology costs and the involvement of industrial and financial players all indicate the rising role that offshore wind will play inEurope . Our partnership with Aker andbp will create significant value and contribute towardsEurope's energy transition." Aker brings to the project its learnings and know-how from five decades of designing and executing offshore projects in theNorth Sea as a supplier, developer and operator.Aker Horizons will work closely with the consortium on topics including strategy and financing, and the partnership will also benefit from the broad capabilities of other Aker companies, including Cognite andAker Solutions .Kristian Røkke , Chairman of Aker Offshore Wind and CEO ofAker Horizons , added: "Our partnership has the potential to redefineNorway's position as an energy nation, and the consortium's joint capabilities are building blocks to lead the energy transition. Together with Statkraft andbp we will work to develop the Norwegian offshore wind industry, reduce emissions and create new jobs." Withbp joining the Norwegian consortium, energy cooperation betweenNorway and theUnited Kingdom is also further strengthened. For further information, please contact:Ivar Simensen , Communications, Tel: +47 46 40 23 17, ivar.simensen@akerhorizons.com Christian Yggeseth, Investor Relations, Tel: +47 915 10 000, christian.yggeseth@akerhorizons.com Aboutbp bp 's purpose is to reimagine energy for people and our planet, and our ambition is to be a net zero company by 2050, or sooner, and help the world get to net zero.bp 's strategy is to transform into anIntegrated Energy Company focused on delivering solutions for customers and this will seebp growing net developed renewable generating capacity to 20GW by 2025 and 50GW by 2030. About Statkraft Statkraft is a leading company in hydropower internationally andEurope's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,500 employees in 17 countries. About Aker Offshore Wind Aker Offshore Wind is an offshore wind developer headquartered inNorway with focus on assets in deep waters. With global operations, the current portfolio consists of development projects and prospects located inAsia ,North America andEurope . Aker Offshore Wind effectively deploys cost effective technologies from decades of offshore energy development. The company is majority-owned byAker Horizons , an investment company dedicated to creating value and reducing emissions from renewable energy and decarbonization technologies. Aker Offshore Wind [AOW-ME] is listed on Euronext Growth inOslo, Norway . This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. Thisstock exchange announcement was published byIvar Simensen , Communications,Aker Horizons onJune 14, 2021 at CET 08:30.
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