Veidekke

Earnings Release • Dec 19, 2022

Veidekke: Focusing on offshore wind

Veidekke: Focusing on offshore wind

Offshore wind is being established as a new focus area for Veidekke. The group

has a clear ambition to become a key part of the value chain for floating

offshore wind, and is already participating in a larger feasibility study to

specifically look into how the floating foundations for the wind turbines can be

resolved.

"Offshore wind is very interesting field where we want to be a part of emerging

developments. At Veidekke we have very extensive expertise in concrete,

slipforming, structures above and below water and project management, which all

are critical factors in this type of project," says EVP Øivind Larsen with

Veidekke Infrastruktur.

The Government, through the Ministry of Trade, Industry and Fisheries, has in

the Roadmap - The Green Industrial

Initiative (https://www.regjeringen.no/contentassets/1c3d3319e6a946f2b57633c0c5fc

c25b/veikart_skisse_uu_ja.pdf) stated that Norway will become a leading nation

in offshore wind with an industry that develops and builds state-of-the-art wind

power solutions. Its ambition is to allocate areas with a potential for 30

gigawatts of offshore wind production on the Norwegian continental shelf by

To exploit the winds at sea, robust infrastructure is required in addition to

turbines with foundations. Each individual foundation is estimated to have a

concrete volume of around 5,000 m[3] and 1,500 tons of reinforcement.

"These are large structures that require a lot of know-how, quality, experience

and ability to execute. Through a feasibility study, we will look into where in

the value chain we can add the most value. We have unique concrete expertise in

Veidekke, and particularly our Veidekke Interform department and their

slipforming experience gives us a head start on this," says project director Dan

Granerud who will head Veidekke's offshore wind initiative.

For more information, please contact:

Project director Dan Granerud, +47 97 05 82 46, dan.granerud@veidekke.no

Executive Vice President Øivind Larsen, +47 90 58 23 51,

oivind.larsen@veidekke.no

Communications Manager Helge Dieset, +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest construction companies. The company

undertakes all types of construction and civil engineering contracts, maintains

roads, and produces asphalt and aggregates. Veidekke emphasises stakeholder

involvement and local experience. Its annual turnover is approximately NOK 38

billion, and half of its 7,800 employees own shares in the company. Veidekke is

listed on the Oslo Stock Exchange and has posted a profit every year since its

inception in 1936.