-
Initial development of our renewable energy projects includes market assessment and detailed preliminary evaluation of potential sites. Such phase is crucial to identify sites which are most suitable for projects as well as to eliminate sites that deem to be unsuitable or unprofitable.
We are continuously evaluating new markets, screening potential sites and reaching out to local communities and partners to engage in dialogue.
-
Further development of the projects include various feasibility studies and environmental impact assessments to determine the technical, environmental, and financial visibility of the project. Project-specific environmental assessments are completed to evaluate potential environmental impacts of the renewable energy source, assessing the potential impact on marine life, birds, and other wildlife, as well as the impact on local communities and the surrounding environment.
-
Design and engineering involves selecting the type and size of wind turbines, designing the foundation, as well as developing the electrical system and infrastructure and logistical set up. Necessary permits and approvals must be obtained from the relevant authorities, including permits for grid connection, construction, operation, etc. Financing and investments for the projects are also secured during this phase.
This phase ends with final investment decision (FID). For our offshore wind projects, we will fully divest our equity at FID. We can stay on board overseeing the project and taking care of technical and commercial asset management.
-
The projects we have prepared are constructed with strong foundations to withstand the forces of nature while efficiently capturing the power of the wind at seas.
Projects are integrated into the power grid, enabling transmission of generated energy to residences and businesses in the community and nation-wide
-
With the completion of the construction phase, projects enter the operation phase. The projects are operated through a central control system that optimizes energy production.
Our team is monitoring and managing assets to optimize production and economic output.
