Røkke, along with Mainstream Renewable Power, has been selected as the preferred bidder to purchase an initial 50 percent stake in a floating offshore wind power project in Japan.
The two companies will now enter into exclusive negotiations with owner Progression Energy with the aim of creating a private company (SPV) to further develop the 800MW project, According to the stock exchange announcement.
By comparison, Britain’s Equinor Dudgeon project is 402 MW. This project cost about 12 billion NOK to build.
Aker Offshore Wind, which develops the technology that will build and own offshore wind farms, is one of several Aker green companies that have been detached and listed separately on the Euronext Growth Market on the Oslo Stock Exchange. The largest owner is Aker Horizons with 51 percent.
Like many other green companies, it’s still under construction and securing contracts, and so far it’s not making a profit.
Aker Horizons owns 75 percent of Mainstream Renewable Power, an unlisted company with an international portfolio of solar and wind projects.
Aker Offshore Wind’s stake rose about six percent in early trading on the Oslo Stock Exchange on Thursday.