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    Home > News > Power News > News Article

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    Eolus Vind and Simply Blue Form Joint Venture


    December 2, 2022 - Marketline - Deals

     

      Deal In Brief

      Eolus and Simply Blue Group have agreed to co-develop floating offshore wind in The Baltic Sea. The joint venture named SeaSapphire is commencing the development of four commercial scale floating offshore wind parks in The Baltic Sea –two projects in Sweden and two in Finland. Eolus and Simply Blue Group each own 50% of the shares in SeaSapphire through which the partnership will take place

      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. 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

      SeaSapphire, powered by Eolus and Simply Blue Group consists of four floating wind projects: (A) Skidbladner – located 100 km southeast of Stockholm; (B) Herkules – located 60 km southeast of The Island of Gotland; (C) Un-disclosed – located in Finnish exclusive economic zone in the Baltic Sea; (D) Wellamo –located 90 km outside Satakunta Region.

      Deal Type Partnership
      Sub-Category Joint Venture
      Deal Status Completed: 2022-11-30

      Deal Participants

      Partner 1 (Company) Simply Blue Group
      Partner 2 (Company) Eolus Vind AB

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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