19 Dec 2022 14:57 CET

Issuer

Veidekke ASA

Offshore wind is being established as a new focus area for Veidekke. The group
has a clear ambition to become a key part of the value chain for floating
offshore wind, and is already participating in a larger feasibility study to
specifically look into how the floating foundations for the wind turbines can be
resolved.

"Offshore wind is very interesting field where we want to be a part of emerging
developments. At Veidekke we have very extensive expertise in concrete,
slipforming, structures above and below water and project management, which all
are critical factors in this type of project," says EVP Øivind Larsen with
Veidekke Infrastruktur.

The Government, through the Ministry of Trade, Industry and Fisheries, has in
the Roadmap - The Green Industrial
Initiative (https://www.regjeringen.no/contentassets/1c3d3319e6a946f2b57633c0c5f
c
c25b/veikart_skisse_uu_ja.pdf) stated that Norway will become a leading nation
in offshore wind with an industry that develops and builds state-of-the-art wind
power solutions. Its ambition is to allocate areas with a potential for 30
gigawatts of offshore wind production on the Norwegian continental shelf by
2040.

To exploit the winds at sea, robust infrastructure is required in addition to
turbines with foundations. Each individual foundation is estimated to have a
concrete volume of around 5,000 m[3] and 1,500 tons of reinforcement.

"These are large structures that require a lot of know-how, quality, experience
and ability to execute. Through a feasibility study, we will look into where in
the value chain we can add the most value. We have unique concrete expertise in
Veidekke, and particularly our Veidekke Interform department and their
slipforming experience gives us a head start on this," says project director Dan
Granerud who will head Veidekke's offshore wind initiative.

For more information, please contact:
Project director Dan Granerud, +47 97 05 82 46, dan.granerud@veidekke.no
Executive Vice President Øivind Larsen, +47 90 58 23 51,
oivind.larsen@veidekke.no
Communications Manager Helge Dieset, +47 90 55 33 22, helge.dieset@veidekke.no
Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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Veidekke is one of Scandinavia's largest construction companies. The company
undertakes all types of construction and civil engineering contracts, maintains
roads, and produces asphalt and aggregates. Veidekke emphasises stakeholder
involvement and local experience. Its annual turnover is approximately NOK 38
billion, and half of its 7,800 employees own shares in the company. Veidekke is
listed on the Oslo Stock Exchange and has posted a profit every year since its
inception in 1936.


Source

Veidekke ASA

Provider

Oslo Børs Newspoint

Company Name

VEIDEKKE, Veidekke ASA 18/25 3,20%

ISIN

NO0005806802, NO0010819261

Symbol

VEI

Market

Oslo Børs