Aker Offshore Wind has reported an operating loss of Nkr72m (€7m) in its first third quarterly results

Revenue for the period was Nkr6m and the cash balance at the end of the quarter was Nkr268m.

“The third quarter has shown Aker Offshore Wind taking key strides in progressing our projects on several fronts,” said Tom Selwood, Aker Offshore Wind chief financial officer.
“In all our markets, we see Aker’s unparalleled deep-water expertise, offshore capabilities and technologies as true differentiators.

“Now, more than at any time before, we are seeing policy makers put in place the structure necessary to enable the industrialisation of offshore wind.”

At the start of the third quarter 2021, Aker Offshore Wind submitted bids for the ScotWind leasing round together with partner Ocean Winds.

During the three months to 30 September, Aker Offshore Wind expanded its portfolio when it was selected as preferred bidder along with Mainstream Renewable Power to acquire an initial 80% stake in Progression Energy’s floating offshore wind opportunity in Japan.

In Sweden, and further to the execution of the joint development agreement in March 2021, Aker Offshore Wind formed a 50-50 joint venture with Hexicon with a view to developing at least three sites for floating offshore wind.

Former Swedish Finance Minister Par Nuder and former Vattenfall executive Mikael Kramer joined the Board of Directors of the joint venture.

“We believe we have comprehensive bids for ScotWind in the UK, while in Sweden we have established a strong team to support us through the addition of Par Nuder and Mikael Kramer.

“The expansion of our portfolio with a well-formed early-stage development opportunity in Japan brings with it new partners and their strengths which we believe will provide a winning combination,” said Selwood.

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