Eolus and Simply Blue to Jointly Develop Floating Wind Farms Offshore Sweden and Finland

November 30, 2022, by Adnan Durakovic

Eolus and Simply Blue Group have established a joint venture named SeaSapphire to develop four commercial-scale floating offshore wind farms in the Baltic Sea – two projects in Sweden and two in Finland.

The four projects include Skidbladner, located 100 kilometres southeast of Stockholm; Herkules, located 60 kilometres southeast of the Island of Gotland; Wellamo, located 90 kilometres outside Satakunta Region, and an undisclosed project located in the Finnish exclusive economic zone.

Eolus and Simply Blue Group each own 50 per cent of the shares in SeaSapphire through which the partnership will take place.

”The SeaSapphire projects, will strengthen and diversify our offshore portfolio. Combining Eolus’ long experience of developing renewable projects and Simply Blue Group’s expertise within floating wind will allow us to build a strong and successful partnership. It provides great opportunities to add substantial green electricity production in the Nordics,” said Per Witalisson, CEO of Eolus.

The joint venture projects are under development, and a strong focus is being put on supply chain development to provide opportunities for local job creation and exploring possibilities of alternative use of produced energy, the companies said.

If all were to go ahead according to current plans, the projects would produce up to 40TWh/year helping to address Sweden’s and Finland’s ambition and need to increase green electricity generation.

Sam Roch-Perks, Group CEO Simply Blue Group, said: ”This is a strong partnership between Simply Blue Group and Eolus, where our ambitions are similar, and our development experiences and competences complement. Our Blue Economy approach will benefit coastal societies and stakeholders in terms of new jobs and engagements in activities that will make it possible to manage the sustainable energy transition in Finland and Sweden and reach the fossil free targets.”

Eolus is one of the leading developers of renewable energy in the Nordics and is active in the whole value chain from development of green field projects to construction and operation of renewable projects. Simply Blue Group is an Irish blue economy developer of projects in floating offshore wind, e-Fuels, wave energy, and low-impact aquaculture.