Van Oord Takes Stake in Estonian Offshore Wind Farm Developer

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Dutch marine and offshore services contractor Van Oord has become a shareholder in Saare Wind Energy, a company developing the Saaremaa offshore wind farm in Estonia.

"The collaboration with Van Oord allows Saare Wind Energy to intensify the development process for this offshore wind farm, as financial support and knowledge are combined. Saare Wind Energy has extensive knowledge of local conditions and the environmental impact assessment. Van Oord, being an experienced offshore wind contractor, has been involved in several early developments of offshore wind farms," Van Oord said.

Saare Wind Energy is developing an area of up to 200 km2 south-west of the Estonian Island Saaremaa. 

According to Van Oord, the area could facilitate an offshore wind farm of over 1,000 MW. The development of the wind farm started in 2015.

The Estonian government decided in May 2020 that Saare Wind Energy can proceed with the location permit procedure and the associated Environmental Impact Assessment. In January 2020, Saare Wind Energy and Van Oord agreed to cooperate on the Saaremaa offshore wind farm project.

In its statement on Tuesday, Van Oord reminded that on September 30 2020, the energy ministers of Poland, Denmark, Estonia, Finland, Lithuania, Latvia, Germany and Sweden, along with representatives of the European Commission signed the ‘Baltic declaration for offshore wind energy’.

This was a  joint declaration on the development of offshore wind power and efficient electricity infrastructure to facilitate the transmission of renewable energy to the Baltic Sea countries. 

The declaration is intended to bring about cooperation in the development of offshore wind power on the Baltic Sea. 

"Hybrid projects, offshore wind farms in combination with interconnectors to neighboring countries, will become major footholds for the development of this offshore electricity infrastructure. This marks a change in offshore wind from separate offshore wind farms towards meshed offshore networks and energy hubs," Van Oord said.

"The Saaremaa offshore wind farm location offers a unique opportunity for such a hybrid project. The combination of good wind resources, an offshore wind location in line with the Marine Spatial Plan and the opportunity to develop interconnectors across the Baltic Sea to Sweden and Latvia, give Estonia the opportunity to take the first steps in implementing the vision of the Baltic Sea declaration," Van Oord added.


Webinar:

Offshore wind has the potential to impact North America's entire offshore energy, maritime, ports and logistics value chain. An October 22 webinar presented by World Energy Reports, ├śrsted, and American Bureau of Shipping (ABS) will deliver insights on the current progress, future pace, and direction of development in the offshore wind market in North America.

When: October 22, 2020, 11:00 a.m. Eastern Time (U.S. and Canada) / 5p.m CET - Register Here.

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