BW Ideol AS

Business and Financial Review • Sep 15, 2021

BW Ideol has signed a partnership agreement with EDF Renewables & Maple Power for France's first commercial-scale floating offshore wind tender in South Brittany

BW Ideol has signed a partnership agreement with EDF Renewables & Maple Power for France's first commercial-scale floating offshore wind tender in South Brittany

BW Ideol has entered into a partnership agreement with EDF Renewables, a

subsidiary of EDF Group, and Maple Power, a joint venture between CPP

Investments and Enbridge Inc., to cooperate on the design of the technical

solution for the floating foundations in the context of France's first

commercial-scale floating wind tender.

The French government has announced today that Eoliennes Flottantes Bretagne

Grand Large, a company owned by EDF Renewables and Maple Power, has been

selected to participate in the tender process.

Paul de la Guérivière, CEO of BW Ideol, declared: "Being chosen by leading

offshore wind developers such as EDF Renewables and Maple Power, who have strong

experience in the French offshore wind market, is a great satisfaction for our

teams. This will be the world's first fully competitive floating commercial-

scale tender. The early selection of the technology allows the partners to

optimize the project competitiveness, while leveraging on BW Ideol's unique

floating wind trackrecord in France and abroad."

The offshore floating wind project will be located off the coast of South

Brittany with a capacity of up to 270 MW. This tender is part of France's

national Multiannual Energy Programme (Programmation Pluriannuelle de l'Energie)

aiming at putting 8.75 GW of offshore wind capacity out to tender by 2028.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and subject to the disclosure requirements pursuant to

Section 5-12 the Norwegian Securities Trading Act. This stock exchange release

was published by Marie Bayard-Lenoir, Communication Officer at BW Ideol, on 15

September at 18:40 CET.