Archer Limited: Archer secures contract with TotalEnergies for a floating offshore wind project

29 Aug 2024 09:35 CEST

Stavanger (August 29, 2024)

Archer Wind, Archer's floating offshore wind solutions provider, is pleased to
announce the award of its first contract by TotalEnergies for delivery of the
floating wind foundation for the Culzean Wind Pilot.

The Culzean Wind Pilot will be connected to the Culzean platform, an offshore
oil and gas facility 230 kilometres off the East coast of Scotland and will
provide renewable electricity to supplement the existing power generation from
gas turbines.

Installation of the project will take place in late 2025 and Archer Wind is
already progressing with detailed engineering and engaging key fabrication and
assembly subcontractors to ensure timely execution of the project.

Wolfgang Wandl, CEO of Archer Wind commented:

"We are honoured to collaborate with TotalEnergies on this pilot project and
combine our project execution expertise with Ocergy's next generation floating
foundation design. We are set to advance the standards in the floating wind
industry and reduce the levelized cost of energy with one of the most promising
floater designs in the market.

This contract underscores Archer's development of renewable energy services with
our customers and highlights the company's capacity in floating offshore wind
solutions."

For more information, please visit www.archerwell.com

or contact:

Dag Skindlo, Chief Executive Officer | Mobile: +47 982 26 624 | Email:
dag.skindlo@archerwell.com

Espen Joranger, Chief Financial Officer | Mobile: +47 982 06 812 |
Email:espen.joranger@archerwell.com

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