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Aker Solutions Offloading Carbon-Capture Business (Int'l Report)
CCS,Norcem,Aker Solutions
Date: 2020-07-22
Aker Solutions reports it is launching a series of structural and strategic changes to transform the company and enhance shareholder value by spinning off the wind and carbon capture businesses to shareholders and merging Aker Solutions ASA with Kvaerner ASA to create an optimized supplier company.

Aker Solutions intends to spin off its wind development business as well as the carbon capture technology business to Aker Solutions' shareholders in two separate companies. Oslo-based Kvaerner and Aker Solutions have entered into a merger plan, whereby the two entities will join forces to create Aker Solutions ASA, Combined 2019 revenues for the companies were about NOK 38 billion ($4.1 billion US) with an EBITDA of NOK 2.7 billion.

Aker Solutions intends to separate its CCUS business in a separate entity, Aker Carbon Capture followed by a private placement in the company, guaranteed by Aker ASA, to secure sufficient funding for the next phase of the development. The shares in the CCUS Company are expected to start trading on Merkur Market during August 2020. (Source: Aker Solutions, PR, Chemical Engineering, 20 July, 2020) Contact: Aker Solutions, Fredrik Berge, Inv. Relations, +47 22 94 62 19, fredrik.berge@akersolutions.com, www.akersolutions.com; Kvaerner, www.kvaerner.com

More Low-Carbon Energy News CCS,  Norcem,  Aker Solutions,  


Norwegian Offshore Floating Wind Project Gets the Nod (Int'l.)
Offshore Wind, Equinor
Date: 2020-04-10
Maritime Executive is reporting the Norwegian Ministry of Petroleum and Industry has approved plans for development and operation of the to $488 million Hywind Tampen offshore floating wind farm which will supply power to the Snorre and Gullfaks offshore oil platforms.

The 88 MW Hywind Tampen wind farm, which is being developed by Equinor, will incorporate 11 Siemens Gamesa SG 8.0-167 DD wind turbines mounted on floating concrete spar substructures with shared anchors supplied by Kvaerner. Hywind Tampen is slated for start-up at the end of 2022. (Source: Norwegian Ministry of Petroleum and Industry, Maritime Exec., 8 April, 2020) Contact: Equinor, Eldar Sætre, Pres., CEO, www.equinor.com

More Low-Carbon Energy News Equinor,  Offshore Wind,  Floating Wind,  Wind,  


Kvaerner Claims Hywind Tampen Offshore Wind Contract (Int'l. Report)
Kvaerner,Equinor
Date: 2019-11-01
Oslo, Norway-based offshore engineering and construct firm Kvaerner reports it has contracted with Equinor to deliver 11 floating concrete hulls for offshore wind power turbines for Equinor's Hywind Tampen project off the coast of Norway -- the world's largest floating offshore wind farm.

The NOK 1.5 billion ($164,964,000 - US) contract includes full project management, engineering, assembly site management, mooring system installation, units tow-to-field and installation of the floating wind turbine units. (Source: Kvaener, PR, 31 Oct., 2019) Contact: Kvaener, Karl-Petter Loken, Pres., Torbjørn Andersen, IR & Communications, +47 928 85 542, torbjorn.andersen@kvaerner.com, www.kvaerner.com; Equinor, Pal Eitrheim, VP New Energy Solutions, www.equinor.com

More Low-Carbon Energy News Kvaerner,  Wind,  Offshore Wind,  Equinor,  

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