Floatgen achieves continuous capacity factor of nearly 60%

06 Feb 2023 16:03 CET

BW Ideol is pleased to announce continuously strong operational results from its
5-year-old Floatgen demonstrator, showing a capacity factor of nearly 60% over
the last three months and a production of 25GWh since its 2018 commissioning.

France's first and only floating wind turbine continues to prove its reliable
performance capabilities and delivered an average capacity factor of 59.2% over
a 3-month period ranging from November 2022 to January 2023. The 25 GWh-
milestone was reached just after the major Atlantic storm Gerard in late
January. The Floatgen turbine, mounted on BW Ideol's patented Damping Pool®
foundation, handled wind speeds up to 37.30 metres per second (equivalent to
134 km/h) and up to 5.5 metres of significant wave height (equivalent to around
10.5 meters maximum wave height).

"Floatgen - one of the few floating wind turbines currently in operation across
the globe - continues to deliver outstanding results in terms of reliability,
efficiency and production. It keeps on validating the merits of our unique
floating offshore wind technology, even in the harshest environments. Such
repeated performance, high availability and consequently high capacity factor
underlines the benefits of floating wind and its ability to capture the best
possible wind resources without depth constraints, contributing to a much needed
energy resilience in the process" said Paul de la Guérivière, the CEO of BW
Ideol.

Floatgen is a 2 MW demonstrator equipped with the world's first concrete hull
for floating offshore wind. It is operating in 33 metres water depth off the
coast of Le Croisic (Western France) since 2018. It provides electricity to
approximately 3,000 households. This industry-changing full-scale prototype is
owned, operated and maintained by BW Ideol, generates amounts of valuable
operational data and enables our own teams to develop an industry-leading hands-
on expertise and track-record in terms of floating offshore wind O&M. This
unique asset also serves as a full-scale and real-conditions R&D platform to
qualify new components and methods as well as perform environmental impact
studies.

About BW Ideol:
BW Ideol is a leading fully integrated platform in floating offshore wind with
more than 12 years of experience from design, execution and development of
floating wind projects based on our patented floating offshore wind technology
and engineering capabilities. The company has a dual-leg growth strategy as a
floater EPCI and maintenance services provider and as a wind-farm project
developer and co-owner. BW Ideol has two full-scale offshore floating wind
turbines in operation in France and Japan, a significant project pipeline, and
is supported by BW Offshore's extensive experience from developing and operating
offshore energy production systems.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

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