Aker Solutions ASA: Aker Solutions awarded contract for BalWin2 offshore wind project

30 May 2025 15:38 CEST

May 30, 2025 - Aker Solutions has signed a significant[1] contract with Dragados
Offshore to deliver the steel substructure for the 2GW HVDC converter station
for the BalWin2 offshore wind grid connection system in Germany, developed by
Amprion Offshore GmbH.

Reference is made to the stock exchange release published on February 10, 2025.
With this contract award, Dragados has exercised the option for the second HVDC
converter station for the BalWin development in Germany.

"We are proud that Dragados Offshore has selected Aker Solutions as the
contractor for the second BalWin steel substructure. This will enable us to
leverage our standardization and industrialization efforts to increase
productivity and drive down costs," said Sturla Magnus, Executive Vice President
for Aker Solutions' New Build segment.

Fabrication of the HVDC substructures will be executed by Aker Solutions' yard
in Verdal, Norway. At its peak, the project will employ over 450 people. For
Aker Solutions, the scope involves procurement, fabrication engineering and
construction of the offshore HVDC converter platform substructure. Preparation
will commence Q1 2026, while construction is scheduled to begin in Q1 2027, with
delivery in 2029.

Aker Solutions will book the award as order intake in the second quarter of 2025
in the Renewables and Field Development segment.

[1]Aker Solutions defines a 'significant' contract as being between NOK 1.5
billion and NOK 2.5 billion

ENDS

Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
+47 470 10 611

Odd Naustdal
media contact
odd.naustdal@akersolutions.com
+47 905 76 079

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 11,800
people in more than 15 countries.

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This press release may include forward-looking information or statements and is
subject to our disclaimer, see https://akersolutions.com

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

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