
Oxan Energy wins Estonia's first floating offshore wind energy project
The French company Oxan Energy has won Estonia’s first floating offshore wind energy project. Together with its partner SNOW, Oxan Energy will develop the 'Saare 1' project, which has a potential capacity of 900 MW.
The project is expected to become operational in 2033.
According to the company, the Estonian authorities have put the Saare 1 area out to tender, located 60 kilometers off the coast of Estonia's largest island, Saaremaa. The area covers 88 square kilometers with water depths of up to 85 meters.
Oxan Energy and SNOW, a financial advisor specializing in renewable energy generation, will jointly develop the project. The consortium will carry out environmental and technical studies, starting with an environmental impact assessment.
The project will use floating wind technology. However, given the water depth, it has the potential to combine both floating and fixed-bottom technologies. The design of the wind farm, including the technology to be used, will be decided after the impact assessment, based on the environmental and technical studies.
Nicolas Paul-Dauphin, CEO of Oxan Energy, stated, "Estonia has made significant strides in deploying offshore wind energy, including a one-stop-shop for permitting, grid connections, and port infrastructure. Oxan Energy is privileged to contribute to Estonia's decarbonization and, in doing so, strengthen our presence in Europe."
The 900 MW project will contribute to Estonia's energy independence with clean, renewable energy. This project supports Estonia's goal of generating 100% of its electricity from renewable sources. The marine renewable energy market in Estonia is one of the most dynamic in the Baltic Sea region.
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