Fred. Olsen Seawind Acquires Vattenfall's 50% Stake in Muir Mhòr Floating Offshore Wind Project off Aberdeenshire
Fred. Olsen Seawind has agreed to acquire Vattenfall's 50% stake in the Muir Mhòr floating offshore wind project, located approximately 63 km off the Aberdeenshire coast in Scotland. One of the world's first commercial-scale floating offshore wind projects, Muir Mhòr was awarded ScotWind seabed rights in 2022 and is targeting power generation in the early 2030s. The transaction is subject to regulatory approvals.
Transaction date: · Source: fredolsenseawind.com
Key facts
- Transaction date
- Technology
- Offshore Wind
- Transaction price
- Not disclosed
- Buyer
- Fred. Olsen Seawind
- Seller
- Vattenfall
- Country
- United Kingdom
- Region
- Aberdeenshire, Scotland
- Location
- Approximately 63 km off the coast of Peterhead, Aberdeenshire, Scotland
- Continent
- Europe
- Development status
- Under Development
- PPA
- n.a.
Technology details
Floating offshore wind project awarded seabed rights in 2022 as part of the ScotWind leasing round. One of the world's first commercial-scale floating offshore wind projects. Targeting an early allocation round with power generation expected in the early 2030s. Offshore consent and accelerated grid date being pursued. Capacity not disclosed.
Additional information
Fred. Olsen Seawind assumes 100% ownership by acquiring Vattenfall's existing 50% stake. Transaction subject to regulatory approvals. Fred. Olsen Seawind is working with the Scottish Government and the National Energy System Operator (NESO) to secure offshore consent and grid connection. Fred. Olsen-related companies have been active in Scotland since 1902 across shipping, manufacturing, forestry, oil and gas, hydro and wind power.
Source
Original announcement: https://fredolsenseawind.com/news/fred-olsen-seawind-assumes-100-ownership-of-muir-mhor-floating-offshore-wind-farm-project/