Aker Offshore Wind Preferred Offshore Wind Project in Japan

Røkke, along with Mainstream Renewable Power, has been selected as the preferred bidder to purchase an initial 50 percent stake in a floating offshore wind power project in Japan.

Aker Offshore Wind is one of several Aker green companies that have been separated and listed separately on the Euronext Growth Market on the Oslo Stock Exchange. Market value of 3.3 billion Norwegian kroner.

Terry Pedersen

Posted:

Updated less than 30 minutes ago

The two companies will now enter into exclusive negotiations with owner Progression Energy with the aim of creating a private company (SPV) to further develop the 800MW project, According to the stock exchange announcement.

By comparison, Britain’s Equinor Dudgeon project is 402 MW. This project cost about 12 billion NOK to build.

Aker Offshore Wind, which develops the technology that will build and own offshore wind farms, is one of several Aker green companies that have been detached and listed separately on the Euronext Growth Market on the Oslo Stock Exchange. The largest owner is Aker Horizons with 51 percent.

Like many other green companies, it’s still under construction and securing contracts, and so far it’s not making a profit.

Aker Horizons owns 75 percent of Mainstream Renewable Power, an unlisted company with an international portfolio of solar and wind projects.

Aker Offshore Wind’s stake rose about six percent in early trading on the Oslo Stock Exchange on Thursday.

green aker companies

Aker ASA – A listed investment company in oil, marine delivery, ship charter and supply, krill fishing, renewable energy and information technology. Kjell Inge Røkke owns 68 percent.
Aker Horizons – A listed investment company in the field of renewable energy. The largest owner is Aker ASA with 80 percent.
Aker Clean Carbon – A listed company that develops technology to capture carbon. The largest owner is Aker Horizons with 51 percent.
Aker Offshore Wind – A listed company that develops technology that will build and own offshore wind farms. The largest owner is Aker Horizons with 51 percent.
Aker Clean Hydrogen – a listed company that develops technology for the production of green hydrogen. The largest owner is Aker Horizons with 77 percent.
REC Silicon – a listed company that produces solar cells. The largest owner is Aker Horizons with 24.7 percent.
Mainstream – An unlisted company with an international portfolio of solar and wind energy projects. Aker Horizons has entered into an agreement to purchase 75 percent of the shares.
Rainpower – a Norwegian project company in the field of hydropower. Aker Horizons is in the process of buying all stock.