REG-Ørsted A/S Ørsted, Simply Blue Group and Subsea7 win Scottish floating wind lease

Oersted A/SAnnouncement

27/03/2023 10:45

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   Ørsted A/S (Orsted)
   Ørsted, Simply Blue Group and Subsea7 win Scottish floating wind lease

   27-March-2023 / 11:35 CET/CEST

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   27.3.2023 11:35:27 CEST | Ørsted A/S | Investor News

   Salamander, a joint venture between Ørsted, Simply Blue Group and Subsea7,
   is pleased to have been offered an exclusivity agreement as part of Crown
   Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing
   round.

   The 100 MW Salamander floating offshore wind project, located 35km off the
   coast of Peterhead in north-east Scotland, is designed to provide Scotland
   and its supply chain with an early opportunity to deliver floating
   offshore wind ahead of the larger-scale ScotWind buildout. 

   With gigawatts of floating wind buildout expected in Scotland and the UK
   over the next decade, Salamander will be a valuable stepping-stone to
   ensure that local supply chains are ready and able to take full advantage
   of this opportunity. 

   Salamander will demonstrate a package of innovative technologies at
   commercial scale, readying them for roll out in utility-scale projects
   such as the ScotWind leases. These technologies will be critical to
   ensuring that floating offshore wind energy is deliverable, affordable for
   consumers and creates value for local industry and business. 

   The INTOG round was split into two pots – one for smaller scale innovation
   projects of 100 MW or less and one for larger projects linked to oil and
   gas infrastructure. Salamander was successful in the innovation route. 

   Huw Bell, Salamander Project Director, said: “This opportunity through
   INTOG will allow us to progress the project, which will play a significant
   role in how the industry delivers floating wind going forward and help the
   Scottish supply chain to ramp up activities for the local and
   international market. We expect our approach to support the floating wind
   industry in the same way that seabed-fixed offshore wind successfully
   reduced costs over the last ten years. De-risking floating wind
   technologies for future commercial projects will allow Scotland to
   maximise the financial benefit of its strong offshore wind resource and
   generate long-term jobs for local communities.”

   Salamander is currently undergoing an environmental impact assessment
   (EIA). The project has submitted its EIA scoping report to Marine Scotland
   and Aberdeenshire Council, who have now passed it to statutory and
   non-statutory consultees for their review and responses to the proposed
   project and scope of the EIA. The project has a grid connection agreement
   with National Grid to enable the project to be delivered by 2030 and
   contribute to the UK’s 5GW floating wind target. 

   Gabriel Davies, Head of Ørsted’s Floating Offshore Wind Programme, said:
   “Salamander is a stepping-stone project designed to stimulate and support
   innovative, renewable supply chains in Scotland, maximising opportunities
   to support renewables around the world. With floating wind on the cusp of
   industrialisation, Salamander will play a crucial role in bringing down
   costs and accelerating the technology’s full-scale commercial deployment.”

   Duncan Clark, Head of UK & Ireland at Ørsted, said: "This award comes a
   year after we successfully secured the 1 GW Stromar floating lease in the
   ScotWind leasing round and marks another major milestone in pursuit of our
   global floating wind strategy. Alongside our Stromar project, the pair
   form a complementary floating offshore wind development portfolio in
   Scotland.”

   For further information, please contact:

   Media Relations
   Tom Christiansen
   +45 99 55 60 17
    1 tomlc@orsted.com 

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 ir@orsted.com 

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate
   Change A List as a global leader on climate action and was the first
   energy company in the world to have its science-based net-zero emissions
   target validated by the Science Based Targets initiative (SBTi).
   Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted's
   shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's
   revenue was DKK 132.3 billion (EUR 17.8 billion).

   About Simply Blue Group  
   Simply Blue Group, headquartered in Cork, Ireland, is a leading blue
   economy developer focused on replacing fossil fuels with clean ocean
   energy. It develops pioneering blue economy projects – floating offshore
   wind, e-fuels, wave energy, and low-impact aquaculture – all in harmony
   with the oceans. The company has a pipeline of over 10 GW of floating
   offshore wind projects across the globe. Simply Blue Group is committed to
   creating new economic opportunities for coastal communities and developing
   projects that coexist with sustainable fisheries and marine conservation.
    With a passionate team of over 100 people, Simply Blue Group has offices
   in Cork, Dublin, Newquay, Pembrokeshire, Edinburgh, Hamburg, Bilbao,
   Oregon, and Nova Scotia. To find out more about our blue economy projects,
   please visit  3 www.simplybluegroup.com.

   About Subsea7
   Subsea7 is a global leader in the delivery of offshore projects and
   services for the energy industry.  Subsea7 makes offshore energy
   transition possible through the continuous evolution of lower-carbon oil
   and gas and by enabling the growth of renewables and emerging energy. It
   creates sustainable value by delivering the offshore energy transition
   solutions the world needs, for today and tomorrow. To find out more visit
   www.subsea7.com

       Attachments

     •  4 Salamander investor news.pdf

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: MSCM
   TIDM:          Orsted
   Sequence No.:  232822
   EQS News ID:   1593087


    
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