Multiconsult ASA wins frame agreement for advisory services for Europe’s largest wind portfolio

Oslo, 23 February 2016 – Multiconsult ASA has been awarded a frame agreement with Fosen Vind DA for development of 1 000 MW windfarms in Norway.

The frame agreement includes services within civil-, construction-, electro-, and mechanical engineering as well as control of design and supervision on construction site. In addition, the frame agreement includes a number of options within construction management, project management, HSE, and other relevant consultancy services under the construction phase. Multiconsult estimates that the frame agreement could generate revenues in the range of NOK 10 - 30 million during a four-year period. Order intake will be recorded when the specific call-offs are signed.

Local and leading advisor
“We look forward to working together with Statkraft in this exciting project and to reaching our common goals. The work will be managed by our windpower section in Mid-Norway, with close proximity to the construction activities at Fosen and in Snillfjord. Multiconsult ASA is a leading consultant within windpower in Norway today and this contract is important for strengthening our position and development further”, says Helge Jenssen, Vice President of Energy in Multiconsult ASA.

Positive investment decision
Statkraft, Trønder Energi, and Nordic Windpower DA are collaborating to build Europe’s largest land based windfarm in Mid-Norway. About NOK 11 billion will be invested in six windfarms with total capacity of 1 000 MW. Construction work will begin in the second quarter 2016 and all the windfarms will be completed in 2020. There will be two projects north and two projects south of the Trondheim fjord. The six windfarms will be Roan, Storheia, Kvenndalsfjellet, Harbaksfjellet, Geitfjellet and Hitra 2.

For more information, please contact:

Investor relations:
      Mirza Koristovic, Head of Investor Relations
      Phone: +47 93 87 05 25
      E-mail: ir@multiconsult.no

Media:
      Gaute Christensen, VP Communications
      Phone: +47 911 70 188
      E-mail: gaute.christensen@multiconsult.no

ABOUT MULTICONSULT ASA
Multiconsult is a leading Norwegian multidisciplinary engineering consulting firm, with more than 2 000 employees and 45 offices in Norway and abroad. Multiconsult’s home market is Norway, representing 92 per cent of 2014 operating revenues. The Company focuses on six market areas: Buildings and Properties, Transport and Infrastructure, Energy, Oil and Gas, Industry and Environment and Natural resources. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908. In 2014 Multiconsult completed more than 8 000 projects for approx. 3 700 different customers.