AF Gruppen

Regulatory Filings • Nov 28, 2025

Delivering technical HVAC-R Installation to Princess Elisabeth Island in Belgium

Delivering technical HVAC-R Installation to Princess Elisabeth Island in Belgium

Aeron, a company within AF Gruppen, has entered into an agreement with the HSI Joint Venture, consisting of HSM Offshore Energy, Iemants and Iv – Offshore and Energy, with a value of approximately NOK 150 million excluding VAT.

The contract covers engineering, detailed design, procurement, and assembly of HVAC-R systems for the Modular Offshore Grid 2 (MOG2) project on Princess Elisabeth Island in Belgium. This forms a key part of the electrical infrastructure on what will become the world’s first artificial island dedicated to offshore wind.

“This is a strategically important project for Aeron and a confirmation of our position as a leading supplier of HVAC-R systems for advanced offshore installations in Europe. We are proud to contribute to a project that will play a role in shaping Europe’s future energy infrastructure,” says Lars Myhre Hjelmeset, EVP Offshore in AF Gruppen.

Engineering activities will begin immediately, with equipment delivery scheduled for 2026 and project completion in 2027. The first offshore wind farm connected to the island is expected to be operational from 2030.

For further information:

EVP Offshore AF Gruppen, Lars Myhre Hjelmeset, tel. +47 970 39 084