Ørsted acquires majority stake in Scottish floating wind development project

LONDON, UK: Ørsted A/S, the world chief in offshore wind, joins a floating wind three way partnership arrange by Simply Blue Group and Subsea 7.

The Salamander project is a stepping-stone floating wind project off the east coast of Scotland, designed to present the Scottish present chain with an early capability development alternative earlier than bigger ScotWind projects kick off.

The project will deploy innovative and cutting-edge floating offshore wind applied sciences to support the cost discount and studying journey wanted for the commercial deployment of floating offshore wind.

Ørsted, the world chief in offshore wind, has acquired a majority stake inside the 100 MW Salamander floating offshore wind development project on the Scottish coast, entering a three way partnership (JV) partnership with Simply Blue Group, a number one Irish blue economy developer in floating offshore wind, wave energy, and low-impact aquaculture. Ørsted will personal an eighty percent stake inside the project as Simply Blue Group’s latest JV partner on the project, alongside minority JV partner Subsea 7.

Salamander is meant to be progressed through the innovation track of Crown Estate Scotland’s forthcoming Innovation and Targeted Oil and Gas (INTOG) leasing spherical later this year. Established by Simply Blue Group, the project is designed as a stepping stone for floating wind technology, offering an alternative for present chain companies to gear up for commercial scale floating wind alternatives and assist the technology become cost aggressive as early as possible. The Salamander project follows on from different such projects Simply Blue Group is developing with main energy operators round Ireland and in Wales.

Martin Neubert, Group Deputy CEO and Chief Commercial Officer at Ørsted, said: “I’m happy that we have agreed with Simply Blue to become a partner on this promising project which additional expands Ørsted’s engagement in floating offshore wind and can present a lot of learnings that we can apply on ScotWind and different floating wind projects because the technology transitions from demo projects to utility scale. Ørsted has been driving the commercialisation of bottom-fixed offshore wind for 30 years, and through the subsequent decade we wish to assist make floating offshore wind equally profitable through projects such as this one.”

Sam Roch-Perks, CEO of Simply Blue Group said: “We are delighted that Ørsted is becoming a member of with Simply Blue Group and Subsea 7 to develop the Salamander project. Ørsted is a number one participant in renewable energy and brings appreciable experience to the prestigious Salamander project. As a number one floating wind developer, Simply Blue Group desires to contribute to the event of the Scottish offshore wind market and its present chain. Scotland is one of many best locations on the planet for the event of floating wind projects and we glance ahead to the collaboration with Ørsted on this thrilling and important project.”

Duncan Clark, Head of Region UK at Ørsted, said: “Today’s announcement reaffirms Ørsted’s dedication to floating offshore wind, a developing technology which has an thrilling future in Scotland, and we glance ahead to working with Simply Blue Energy and SubSea 7 to realise the potential of this thrilling project. Developing projects of the type and scale of Salamander will present a smooth transition to delivering utility-scale floating offshore wind projects. It will support the cost discount and studying journey that will underpin the commercial deployment of floating offshore wind, whereas developing the infrastructure, present chain, jobs, and skills to that will assist Scotland cement its place as a world chief in floating offshore wind because the industry grows inside the approaching decades.”

Subsea 7, a global chief inside the supply of offshore projects and services for the evolving energy industry, has already joined the project as a three way partnership partner. Subsea 7 brings its confirmed track record in delivering offshore energy projects along with the company’s experience and detailed knowledge of the Scottish present chain.

John Evans, CEO of Subsea 7, said: ‘The intention from the outset was to set up Salamander as a project that would be of curiosity to main gamers in offshore renewable energy. The project will be a key step towards fulfilling the ambitions for floating wind offshore in Scotland, which has an important role to play inside the energy transition and the journey to net-zero. We are happy to have Ørsted join because the bulk partner and look ahead to working collectively in pursuing this thrilling opportunity.’

Green Giraffe acted as advisor to Simply Blue Group and Subsea 7 on the Salamander three way partnership with Ørsted.

The Salamander project will utilise innovative and cutting-edge floating offshore wind applied sciences to produce renewable electricity. With an ambition to ship as much as 100 MW, the Salamander project will additionally contribute to the Scottish government’s goal of eleven GW of put in offshore wind by 2030 in addition to the UK government’s goal of 1 GW of operational floating offshore wind by the identical date.

The project is at an superior planning stage and is meant to progress inside the innovation route of INTOG. The project has focused on its deliverability in addition to its innovative tackle present chain relationships and basis industrialisation.

Recently, the Crown Estate Scotland and Marine Scotland introduced that they expect to launch the INTOG leasing spherical in June this year. INTOG will grant seabed leases through an public sale process, which will be split into two pots – one for smaller scale innovation projects of lower than 100 MW and one for bigger projects linked to grease and gas infrastructure. It is anticipated that exclusivity agreements for profitable projects will be awarded in autumn 2022 with option agreements signed in autumn 2023.

www.orsted.com

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