This is a Swedish company with its own proprietary technology for floating offshore wind power with head office in Sweden and a highly-experienced team of currently 15 persons.
The company and its founders have been doing research and developing the innovative technology for floating wind power, for almost a decade.
The company aims to deliver floating offshore wind power projects for the global market through active engagement throughout the value chain.
The company works with:
• Project Development
• Project Financing
• Project Delivery
Development of the first demonstration plant is already in progress which will include three units installed in two phases, the first unit is expected to be operational by the summer of 2019. A second demonstration project is also under development.
The company offers floating offshore wind power plants that reduces costs considerable, up to 50%, for renewable energy at sea. The company offers a plug and play concept with no fixed installations to the sea-bed except for anchors, which can be easily removed if required. The production, delivery and installation process is highly standardised which also leads to lower costs.
So far, the market for offshore wind power has been dominated by countries with shallow waters with less than 50 meters in depth. With increasing inaccessibility to suitable places for installation of fixed-bottom foundations and growing pressure on countries to decarbonize their energy portfolios, the interest for floating offshore wind is increasing. The potential for further development of floating wind power in Europe is vast.
The type of partnership considered is a joint venture and a financial agreement.
The partner’s role will be firstly to co-fund a demonstration project in Scotland and thus becoming an equity partner in the actual offshore wind power plant and secondly to become a long term strategic partner to the Company for the UK and perhaps other European markets.
The type of the partner is not strictly defined. However, it is crucial that the selected partner has a strong interest in investing in floating offshore wind power and a curiosity to explore further market opportunities together with the company.