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Mainstream Renewable Power and Ocean Winds Win 1.8 GW Scotwind Site

Mainstream Renewable Power (“Mainstream”), the global renewable energy company, and Ocean Winds, the international company dedicated to offshore wind energy, have been appointed preferred bidder by Crown Estate Scotland for an area with the potential for a 1.8 GW offshore wind farm off the Shetland Islands in Scotland.Mainstream and Ocean Winds, as the preferred bidders, are now offered the opportunity to enter into an option agreement for the site which is located east of the Shetland Islands in approximately 100m water depth and is well suited for floating offshore wind. The project

Transaction Combining Mainstream and Aker Offshore Wind Has Closed

The transaction to combine Mainstream Renewable Power ("Mainstream") and Aker Offshore Wind to create a stronger renewable company with a 27 GW portfolio has closed.As previously communicated on 12 July 2022, Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co., Ltd. and Irish minority shareholders, to integrate Aker Horizons’ wholly-owned subsidiary Aker Offshore Wind into the Mainstream group. The transaction has now closed. In parallel with the combination of the two companies, a number of Mainstream’s

Transaction Combining Mainstream and Aker Offshore Wind Has Closed

The transaction to combine Mainstream Renewable Power ("Mainstream") and Aker Offshore Wind to create a stronger renewable company with a 27 GW portfolio has closed.As previously communicated on 12 July 2022, Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co., Ltd. and Irish minority shareholders, to integrate Aker Horizons’ wholly-owned subsidiary Aker Offshore Wind into the Mainstream group. The transaction has now closed. In parallel with the combination of the two companies, a number of Mainstream’s

Mainstream and Aker Offshore Wind Combine to Create Global Frontrunner in Offshore Wind

The shareholders of Mainstream Renewable Power (“Mainstream”) and Aker Offshore Wind have entered an agreement to combine the two companies to create a stronger renewable company with a 27 GW portfolio across solar, onshore wind and bottom-fixed and floating offshore wind projects.Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co., Ltd. and Irish minority shareholders, to integrate Aker Offshore Wind into the Mainstream group. Aker Offshore Wind is a wholly-owned subsidiary of Aker Horizons. On completion of the

Aker Offshore Wind: Merger with Aker Horizons to be Completed Today - Last Day of Trading

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.  Reference is made to the previous stock exchange announcements by Aker Offshore Wind AS (“Aker Offshore Wind” or “AOW”) regarding the contemplated merger with Aker Horizons ASA (“Aker Horizons”). The merger will be carried out as a triangular merger whereby AOW will merge with Aker Horizons’ wholly-owned subsidiary AH

Aker Offshore Wind: Update on Merger with Aker Horizons

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.  Reference is made to the previous stock exchange announcements by Aker Offshore Wind AS (“Aker Offshore Wind” or “AOW”) regarding the contemplated merger with Aker Horizons ASA (“Aker Horizons”). The merger will be carried out as a triangular merger whereby AOW will merge with Aker Horizons’ wholly-owned subsidiary AH

Aker Offshore Wind AS: Annual General Meeting Approves Merger Plan

The 2022 annual general meeting of Aker Offshore Wind AS was held today as a digital meeting with online participation. All resolutions were made in accordance with the proposals set out in the meeting notice, including approval of the merger plan dated 30 March 2022 regarding the contemplated merger with a subsidiary of Aker Horizons ASA.For more information regarding the merger, please see previous stock exchange releases published by Aker Offshore Wind AS. The general meeting appointed PriceWaterhouseCoopers AS as the new auditor of the company. Minutes of the meeting are attached

Aker Offshore Wind: First-Quarter Results 2022

Aker Offshore Wind today published results for the first quarter of 2022, which saw the offshore wind developer reach several key milestones for its portfolio and for the company.“We have continued to develop our portfolio, obtaining two crucial Electric Business Licenses (EBL) for KF Wind in South Korea whilst progressing our projects in other markets, with a noteworthy entry into Japan,” said Philippe Kavafyan, Chief Executive Officer of Aker Offshore Wind. “With the proposed merger with Aker Horizons and the announced intention to combine with Mainstream Renewable Power, we will

Aker Offshore Wind AS: Notice of Postponed Annual General Meeting with Amended Agenda

Reference is made to the recently announced contemplated merger (the “Merger”) between Aker Offshore Wind AS (the “Company”) and AH Tretten AS, a subsidiary of Aker Horizons ASA (“AKH”). The Merger is subject to the approval of the Company’s general meeting. To avoid holding two general meetings within a short time period, the board of directors have decided to postpone the Company’s annual general meeting originally scheduled for 19 April 2022, until 4 May 2022 at 14.00 (CEST), and amend the agenda for the general meeting to also include the approval of the Merger.Please find attached the

Aker Offshore Wind AS: Mandatory Notification of Trade

Reference is made to the recently announced contemplated merger between Aker Offshore Wind AS (“AOW”), AH Tretten AS, a subsidiary of Aker Horizons ASA, and Aker Horizons ASA (the “Merger”). To facilitate the triangular Merger, Aker Horizons ASA will transfer all of its indirect shareholding in AOW from its subsidiary, Aker Renewable Power AS, to AH Tretten AS.Aker Horizons ASA’s indirect shareholding in AOW of approximately 51.02% will remain unchanged after completion of the transaction. Please see the attached primary insider notifications for more details. This information is

Aker Offshore Wind AS: Disclosure of Large Shareholding

Reference is made to the recently announced contemplated merger between Aker Offshore Wind AS (“AOW”), AH Tretten AS, a subsidiary of Aker Horizons ASA, and Aker Horizons ASA (the “Merger”). To facilitate the triangular Merger, Aker Horizons ASA will transfer all of its indirect shareholding in AOW from its subsidiary, Aker Renewable Power AS, to AH Tretten AS, each at a price of NOK 2.5555 per share.Following the transfer of the 346,262,406 shares held indirectly by Aker Horizons ASA, Aker Renewable Power AS will no longer have any ownership interest in AOW, AH Tretten AS will own 346,262,

Aker Offshore Wind and Aker Horizons Announce Merger Plan

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Aker Offshore Wind AS (the “Company”, “Aker Offshore Wind” or “AOW”) today announces a merger plan with Aker Horizons ASA (“Aker Horizons”).· Aker Offshore Wind and Aker Horizons to combine in an all-stock merger that will reposition AOW as a privately held subsidiary of Aker Horizons · Shareholders in Aker Offshore Wind

Aker Offshore Wind AS: Notice of Annual General Meeting

The annual general meeting of Aker Offshore Wind AS will be held on Tuesday, 19 April 2022 at CET 1400, as a virtual meeting, where the agenda includes the election of new auditor.The meeting will be conducted as a virtual meeting only, accessible online via Lumi AGM. All shareholders will be able to participate in the meeting, vote and ask questions from smartphones, tablets or desktop devices. For further information regarding electronic participation, please refer to the guide available at www.akeroffshorewind.com/investors/annual-general-meeting/ No pre-registration is needed for

Aker Offshore Wind and Mainstream Renewable Power Close Transaction for Offshore Wind Development in Japan

With reference to the stock exchange notice on 12 August 2021, Aker Offshore Wind and Mainstream Renewable Power (“Mainstream”) have closed the transaction which will see them take an initial 50 percent ownership stake in Progression Energy’s 800 MW floating offshore wind project in Japan. The project is a well-formed early-stage development opportunity, and the site has been identified as ideal for floating wind.With the successful closing of the transaction, the parties will now collectively continue to mature the project. As a consortium, the three companies bring together highly

Ocean Winds, Aker Offshore Wind secure second Electric Business License for 1.2 GW floating offshore wind project in Ulsan, South Korea

Korea Floating Wind (“KF Wind”), the joint venture between Ocean Winds (66.7 percent) and Aker Offshore Wind (33.3 percent), has obtained its second Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 450 MW.Obtaining the second EBL represents another key step towards realizing the world’s first large scale commercial floating wind project. The EBL is a mandatory requirement to generate and supply electricity in South Korea and follows the 870 MW EBL that KF Wind was granted at the end of January 2022. Overall, KF Wind’s

Aker Offshore Wind: Fourth-Quarter Results 2021

Aker Offshore Wind today published results for the fourth quarter of 2021, which showed the offshore wind developer continuing to mature and expand its portfolio in key markets.“We continue to develop as a company; we just passed one key milestone in South Korea on our way to realising one of the largest and first commercial scale floating wind farms in the world,” said Philippe Kavafyan, Chief Executive Officer of Aker Offshore Wind. “It is gaining increasing recognition that floating offshore wind will constitute a major part of the solution for a sustainable energy mix going forward.

Ocean Winds and Aker Offshore Wind Reach Key Electric Business License Milestone for Floating Offshore Wind Project in South Korea

Korea Floating Wind (“KF Wind”), a joint venture between Ocean Winds (66,7%) and Aker Offshore Wind (33,3%), has obtained its first Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 870MW, a key step toward realizing what will be part of the largest and first commercial scale floating wind farm in the world.The EBL is a mandatory requirement to generate and supply electricity in South Korea and grants KF Wind exclusive development rights to realize the project. KF Wind expects the second EBL to follow for a capacity of

Aker Offshore Wind Market Update

Aker Offshore Wind remains committed to its strategy and to developing its international project portfolio following the ScotWind leasing round where the company did not secure any project licenses.“We are of course disappointed at the outcome of the ScotWind process, but remain ardent believers in the potential of floating offshore wind and Aker Offshore Wind’s technology and system capabilities to industrialize this segment. Aker Offshore Wind is an integral part of the future we see unfolding, where hybrid deliveries are a key differentiating factor for Aker Horizons as a planet-positive

Ocean Winds and Aker Offshore Wind Announce £235 Million Supply Chain Investment Package for Scotland

A £235 million early investment package to support the renewable energy supply chain in Scotland has been announced by Ocean Winds and Aker Offshore Wind as part of their proposal to transform the country into a green industrial powerhouse.The financial package is included in the joint Ocean Winds and Aker Offshore Wind ScotWind bids which would build supply chain capability many years ahead of the introduction of new floating offshore wind fields in Scotland’s deep waters. By creating ‘first mover advantage’, Aker Offshore Wind believes Scotland can become one of the first countries in

Consortium led by Aker Offshore Wind secures blade recycling pilot project funding

A UK Government grant has been secured for an innovative pilot to develop the UK’s first wind blade turbine recycling plant.The £2million three-year project involves a consortium led by Aker Offshore Wind and Scottish researchers, with the aim of ensuring a more sustainable future for the global wind industry and the wider composites manufacturing industry – accelerating the drive towards net zero emissions and waste and creating new skills and job opportunities in the UK. The pilot will now get underway to develop a commercially viable solution, overseen by industry lead Aker Offshore

Aker Offshore Wind, Ocean Winds and Statkraft unite to develop floating offshore wind in the Norwegian North Sea

Aker Offshore Wind, Ocean Winds, and Statkraft have signed a collaboration agreement to bid for, develop, construct, and operate offshore wind and associated infrastructure for the Utsira Nord license area in Norway.The equal partnership will submit an application to the Norwegian authorities for the development of a commercial scale floating offshore wind farm in the Utsira Nord license area in the Norwegian North Sea. Combining five decades of North Sea expertise in offshore development, execution, and marine operations from the Aker group of companies, the experience of Ocean Winds in

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