Wind Power

07 Apr 2022

Ørsted Takes Majority Stake in Floating Wind Project Offshore

07 Apr 2022  by   
Renewable energy giant Ørsted has acquired a majority stake in the 100 MW Salamander floating offshore wind development project on the Scottish coast, entering a joint venture (JV) partnership with Simply Blue Group, an Irish developer in floating offshore wind, wave energy and low-impact aquaculture.

Ørsted will own an 80 per cent stake in the project as Simply Blue Group's newest JV partner on the project, alongside minority JV partner, Subsea 7.

Salamander is intended to be progressed through the innovation track of Crown Estate Scotland's forthcoming Innovation and Targeted Oil and Gas (INTOG) leasing round later this year.

Established by Simply Blue Group, the project is designed as a stepping-stone for floating wind technology, providing an opportunity for supply chain businesses to gear up for commercial scale floating wind opportunities and help the technology become cost competitive as early as possible.

The Salamander project follows on from other such projects Simply Blue Group is developing with major energy operators around Ireland and in Wales.

Martin Neubert, group deputy chief executive and chief commercial officer at Ørsted, said: "I'm pleased that we have agreed with Simply Blue to become a partner on this promising project which further expands Ørsted’s engagement in floating offshore wind and will provide a lot of learnings that we can apply on Scotwind and other floating wind projects as the technology transitions from demo projects to utility scale."

Sam Roch-Perks, chief executive of Simply Blue Group, added: "Ørsted is a leading player in renewable energy and brings considerable expertise to the prestigious Salamander project. As a leading floating wind developer, Simply Blue Group wants to contribute to the development of the Scottish Offshore wind market and its supply chain.

"Scotland is one of the best locations on the planet for the development of floating wind projects and we look forward to the collaboration with Ørsted on this exciting and important project."

Green Giraffe acted as adviser to Simply Blue Group and Subsea 7 on the Salamander joint venture with Ørsted.


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