A vision of what a new manufacturing base in Scotland would need to build for
the floating offshore wind revolution has been unveiled by Ocean Winds and Aker
Offshore Wind that will be used to attract global investors to the country.

The immersive virtual reality design has been developed in conjunction with the
National Manufacturing Institute Scotland at the University of Strathclyde as
part of the early investment process required to develop the major new industry
that will create thousands of local jobs.

An engagement event was held last night at the university with a range of
international fabricators with an active interest in Scottish developments which
would consider setting up here.

The approach taken ensures that international representatives will have time to
design and prepare the base in time for bidding for work.

With the first steps in the journey of setting up a facility in Scotland
underway, Ocean Winds and Aker Offshore Wind can move at speed to support the
development of the Scottish supply chain because the companies have already
identified which technology - the 'WindFloat' - they plan to use at floating
offshore wind sites.

The companies are the majority owners of Principle Power Inc, which has
developed the 'WindFloat' steel-based floating platforms - the world's most
proven floating offshore wind technology - to harness this energy.

The model will be shared globally with fabricators looking to establish and
choose the location of an internationally cost-competitive site in Scotland for
the fabrication and assembly of floating platforms. And it will also be used
locally with the Scottish and UK supply chain which stands to benefit from the
creation of new jobs and opportunities.

As part of the current ScotWind leasing round, Ocean Winds and Aker Offshore
Wind have submitted floating offshore bids across several sites in the Outer
Moray Firth that, combined, could generate 6GW of energy.

As detailed in the partners' supply chain manifesto published earlier this week,
more than 5,000 jobs would be created through direct work and supply chain
opportunities for each site, along with around 200 apprenticeships.

With an established ScotWind design and the expertise of the National
Manufacturing Institute Scotland, Ocean Winds and Aker Offshore Wind can move
earlier to start the floating offshore wind revolution.

This in turn enables early engagement with fabricators to help them get ready
for the ScotWind roll-out and shape the design of the plant based on their
fabrication delivery capability.

Around 80 per cent of the world's wind resources are in waters deeper than 60
metres and are unsuitable for fixed foundations. Floating offshore wind has
become the latest advent in renewable energy technology and is set to deliver a
green industrial revolution for Scotland with a 'just transition' from the oil
and gas industry.

Ocean Winds and Aker Offshore Wind have made a commitment to 40 per cent minimum
supply chain content in Scotland as part of a 60 per cent commitment from the
UK, with early enabling investment of tens of millions of pounds in building
supply chain capability within the first four years of winning a site.

"We are in the business of turning vision into reality," said Dan Finch,
managing director of Ocean Winds UK. "The first step is to identify the vision.
In the Moray Firth our vision was high-volume, low cost, low carbon power in
water depths of 50m and more. We made that vision a reality. Now we want to take
our turbines out of the Firth into the deep waters of the North Sea.

"Our vision is Scotland leading the world in the commercial scale deployment of
floating offshore wind generation. Today, we have brought that vision to life so
we can share it with the global supply chain who will turn it into a reality at
a site in Scotland."

"We want to capitalise on the extraordinary economic and environmental
opportunity facing Scotland," said Sian Lloyd-Rees, Managing Director of Aker
Offshore Wind UK. "We are committed to working with fabricators in Scotland and
across the UK, supporting them with early investment and collaboration to get
ready to deliver globally-competitive solutions for Scotwind."

"It is great to see the level of ambition from Ocean Winds and Aker Offshore
Wind in the Scotwind leasing round," said Cian Conroy, Director of Business
development, Northern Europe, with Principle Power Inc. "The commitment to scale
coupled with the early selection of technology are key enablers for the future
of floating offshore wind.

"Early engagement with ports and fabricators is key to enabling the
establishment of robust supply chains. This will crucially tailor the delivery
plans for these largescale infrastructure projects which are essential to
decarbonise our energy mix."

NOTES TO EDITORS

The jobs and investment figures in this press release relate to aggregate
figures of a scenario of 6GW awarded capacity over several sites.

For further information, please contact:

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 Ocean Winds: www.oceanwinds.com

OW is a 50-50 offshore wind joint venture, owned and created by EDP Renewables
and ENGIE. Both companies believe that offshore wind energy has become an
essential part of the global energy transition, leading to rapid growth in the
sector and increased competitiveness. That is why they have grouped all their
existing and pipeline offshore portfolio into the new company to play a leading
role in the offshore market.

OW has 1.5GW in construction, 1GW in secured projects, and 3GW in advanced
development - a total of 5.5GW in total gross capacity, including the 950MW
Moray East (under construction) and Moray West (consented, awaiting a CfD) fixed
offshore wind projects in the UK. OW targets to reach 5-7 GW of projects in
operation or construction and 5-10 GW under advanced development by 2025.

OW, headquartered in Madrid, is currently present in 8 countries, primarily
targets markets in Europe, the United States and selected parts of Asia, from
where most of the growth is expected to come.



About Aker Offshore Wind: www.akeroffshorewind.com

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 decarbonisation
technologies. Aker Offshore Wind [AOW-ME] is listed on Euronext Growth in Oslo,
Norway.



About ScotWind

ScotWind Leasing is the process currently being undertaken by Crown Estate
Scotland, at the direction of the Scottish Government, to grant property rights
for the seabed in Scottish waters for new commercial scale offshore wind
projects. It is the first round of seabed leasing for offshore windfarms in
Scotland for a decade.