Korea Floating Wind ("KF Wind"), a joint venture between Ocean Winds (66,7%) and
Aker Offshore Wind (33,3%), has obtained its first Electric Business License
(EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea
for a capacity of 870MW, a key step toward realizing what will be part of the
largest and first commercial scale floating wind farm in the world.

The EBL is a mandatory requirement to generate and supply electricity in South
Korea and grants KF Wind exclusive development rights to realize the project. KF
Wind expects the second EBL to follow for a capacity of 450MW and continues to
mature the project with the objective of reaching financial close in 2024.

"The EBL is a major milestone in the development of the project and the result
of the great work by the KF Wind team. Securing the EBL will allow KF Wind to
continue with its investment plan and to create local jobs in South Korea. We
will continue our cooperative work with all stakeholders, including local
fishermen and organizations, to make this project a reality," said Guzman Figar,
Project Director of KF Wind.

"Ocean Winds is very proud to contribute to South Korea's important commitments
in terms of clean energy production and environmental protection. Thanks to the
commitment of our teams and the relationships built within the region, the
emission of the EBL represents one step closer to our goal of 1.2 GW projects in
Ulsan, powering the equivalent of over 1.3 million households and reducing
nearly 3 million tCO2eq greenhouse gas emissions every year. An undeniable
breakthrough for Ocean Winds, for KF Wind and for South Korea," said Grzegorz
Gorski, Chief Operating Officer of Ocean Winds.

"We are very pleased by this timely grant of the first Electric Business
License, confirming the strong support we receive in South Korea to make
offshore wind a national ambition. Our proven floating technology from Principle
Power will enable a faster industrialization of the supply chain to deliver with
our partners in South Korea the job creation associated with the first large
commercial scale floating windfarm," said Philippe Kavafyan, Chief Executive
Officer of Aker Offshore Wind.

South Korea aims to generate 20 percent of its power from renewable sources by
2030, of which 12GW from offshore wind. At COP26, the South Korean government
committed to reduce greenhouse gas emissions by at least 40 percent by 2030 from
a 2018 peak.

For further information, please contact:

Ocean Winds: Jose Miguel Mesa, josemiguel.mesa@oceanwinds.com

Maria Lanza Knudsen, media contact, +47 48 44 24 26,
maria.knudsen@akeroffshorewind.com

Christian Yggeseth, investor contact, +47 915 10 000,
christian.yggeseth@akerhorizons.com

About KF Wind

KF Wind is a project being developed offshore Ulsan, South Korea. KF Wind is a
joint venture company owned by Ocean Winds (66.7 percent) and Aker Offshore Wind
(33.3 percent). The first EBL of 870MW is KF Wind's exclusively while the second
EBL is a partnership between KF Wind and Kumyang Co.

Project Statistics:

  · Capacity: EBL capacity at 1,320MW (EBL1 870MW + EBL2 450MW)
  · Location: 80km off the coast of Ulsan, South Korea
  · Power generation: 4,000GWh of electricity annually to power the equivalent
of over 1.3 million households
  · Environmental benefits: Reduce nearly 3 million tCO2eq greenhouse gas
emissions every year

For more information visit www.koreafloatingwind.kr

About Ocean Winds

Ocean Winds (OW) is an offshore wind energy joint venture owned 50:50 by EDP
Renewables and ENGIE. Both companies believe that offshore wind is becoming an
essential part of the global energy transition, which will lead to rapid growth
in the sector and increased competitiveness. They have therefore included their
entire portfolio of existing and ongoing offshore projects in the new company.

OW has a strategic advantage and a privileged position to play a leading role in
the offshore market. EDPR and ENGIE have combined their offshore wind assets and
project portfolio in OW, starting with a total of 1.5 GW under construction and
4 GW under development, with a target of 5-7 GW of projects in operation or
under construction and 5-10 GW in advanced stages of development by 2025.

OW, headquartered in Madrid, currently has a presence in 8 countries and is
mainly targeting markets in Europe, the United States and selected geographies
in Asia, where most of the growth is expected to come from.

www.oceanwinds.com

About Aker Offshore Wind

Aker Offshore Wind is an offshore wind developer focused on assets in deep
waters and specialized on floating energy systems. With global operations, the
current portfolio consists of development projects and prospects located in
Asia, North America and Europe. Aker Offshore Wind effectively deploys cost
effective technologies from decades of offshore energy development. The company
is majority-owned by Aker Horizons, an investment company dedicated to creating
value and reducing emissions from renewable energy and decarbonization
technologies. Aker Offshore Wind [AOW-ME] is listed on Euronext Growth in Oslo,
Norway.

www.akeroffshorewind.com