Aker Solutions — M&A Activity 2021

Feb 9, 2021

Aker Solutions and Siemens Energy Selected As Preferred Bidder for One of the World's Largest Offshore Wind Farms

Aker Solutions and Siemens Energy Selected As Preferred Bidder for One of the World's Largest Offshore Wind Farms

February 9, 2021 - Aker Solutions, in a consortium with Siemens Energy, was

selected by Vattenfall as preferred bidder for the Norfolk offshore wind

project located in the North Sea off the coast of Norfolk. If Vattenfall

proceeds with this development, the intention is to conclude an EPCI contract

where the consortium will deliver HVDC converter platforms for the grid

connection infrastructure.

The Norfolk wind zone consists of the Norfolk Vanguard and Norfolk Boreas

offshore wind farms. The planned 3.6 GW total installed capacity will make this

one of the largest offshore zones in the world at the time of completion.

"We're extremely confident both in our choice of Siemens Energy - Aker Solutions

as preferred bidder and in our decision to use innovative HVDC technology.

Siemens Energy - Aker Solutions excelled during the feasibility and concept

stage, bringing strong technical capabilities to the process," said Catrin Jung,

head of business development offshore at Vattenfall.

"Vattenfall's Norfolk developments will use cutting-edge technology. These types

of projects are always a partnership, and we're very happy that Siemens Energy -

Aker Solutions' expertise will oversee the HVDC converter infrastructure. In

addition, this appointment will give the local supply chain the opportunity to

engage with Siemens Energy - Aker Solutions to explore the huge opportunities on

offer at what will be the largest offshore zone in the world," said Rob

Anderson, Vattenfall Project Director for Norfolk Vanguard and Norfolk Boreas.

"We are proud that Vattenfall, as a leading renewable energy company, selects

our consortium as the preferred bidder for one of the world's largest offshore

wind farms. This enables us to take further steps for developing delivery models

and technology for sustainable energy production," said Kjetel Digre, chief

executive officer of Aker Solutions.

ENDS

Media Contact:

Torbjørn Andersen, mob: +47 928 85 542, email:

torbjorn.andersen@akersolutions.com

Investor Contact:

Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the

global energy industry. We enable low-carbon oil and gas production and develop

renewable solutions to meet future energy needs. By combining innovative digital

solutions and predictable project execution we accelerate the transition to

sustainable energy production. Aker Solutions employ approximately 14,000 people

in more than 20 countries.

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This press release may include forward-looking information or statements and is

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This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.