ABL Group ASA: Iberdrola hires ABL to oversee Windanker offshore installation work

25 Nov 2024 10:00 CET

25 November 2024 – Energy and marine consultancy ABL, a subsidiary of ABL Group
ASA, has been awarded a sizeable* contract to provide marine warranty survey
(MWS) services to support the offshore construction of Iberdrola’s 315 MW
Windanker offshore wind farm, offshore Germany.

ABL Germany, based in Hamburg, will provide MWS services to support the offshore
transportation and installation (T&I) campaign relating to the foundations,
inter-array cables and wind turbine generators (WTGs). Its scope of work
includes the provision of expert technical review and approval of documents,
operations and vessels relating to the warranted assets.

“We are pleased to support Iberdrola in their construction of Germany’s
all-important Windanker offshore wind farm. This follows on from ABL’s previous
collaboration with Iberdrola in Germany on the Baltic Eagle project – reflecting
our successful working relationship and the value we are able to bring to
Germany’s growing offshore wind market. We are delighted to have the opportunity
to continue applying our technical know-how and track-record in offshore wind to
drive the continued expansion of Germany’s renewable energy generation,” says
Reuben Segal, CEO of ABL Group.

The Windanker project is a major offshore wind farm in Germany located in the
Baltic Sea, located about 25 kilometres offshore. It consists of 21 15MW WTGs,
with a combined capacity of 315MW. The installation activities are scheduled for
2025 and 2026, with project commissioning expected by the end of 2026.

In the German offshore wind market alone, ABL and its sister company OWC has a
project involvement track-record of over 20 offshore wind farms and a combined
capacity of over 9GW to date.

ABL is part of Oslo-listed ABL Group ASA.

*ABL Group defines a sizeable contract as between USD 1 million and USD 3
million.

(ENDS)

For further information, please contact:

Investors and financial media:
Stuart Jackson, Chief Financial Officer, ABL Group ASA
Email: stuart.jackson@abl-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 43 countries worldwide and operates under four
brands: ABL, AGR, OWC and Longitude.

About Iberdrola
Iberdrola is the largest electricity company in Europe by market capitalization,
and one of the top three largest globally, serving a population of more than 100
million people around the world. The company has a workforce of over 42,200 and
assets in excess of €150 billion. In 2023, Iberdrola posted revenues of nearly
€50 billion, net profit of €4.8 billion, with nearly €9.3 billion paid in tax
contributions in the countries where it operates. The company helps to support
more than 500,000 jobs in communities across its supply chain, and global
supplier purchases topped €18.1 billion in 2023.

A benchmark in tackling climate change, Iberdrola has invested more than €150
billion over the past two decades to help build a sustainable energy model,
based on sound environmental, social and governance (ESG) principles. The
company operates more than 43,000 megawatts (MW) or renewable energy capacity
worldwide, which includes nearly 21,000 MW of onshore wind and 2,300 MW of
offshore wind. Iberdrola is on course to have nearly 5,000 MW of offshore wind
capacity by the end of 2026.

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