January 25, 2022

Aker Offshore declares a loss in the third quarter

2 min read

Aker Offshore Wind recorded an operational loss worth Nkr72m (€7m) during its first third-quarter results, which was the company’s worst ever. The company generated Nkr6 million in revenue during the quarter, as well as a cash balance at the close of the quarter amounted to Nkr268 million. According to Tom Selwood, the chief financial officer of Aker Offshore Wind, “the third quarter demonstrated that Aker Offshore Wind is making significant progress on multiple fronts in the development of our projects.”

“Aker’s unrivaled deep-water knowledge, offshore capabilities, and technology are true differentiators in all of our markets,” says the company. “Now, more than ever, we are seeing policymakers set up the structure essential to support the industrialization of the offshore wind.” Beginning in the 3rd quarter of the year 2021, Aker Offshore Wind and its partner Ocean Winds made bids for ScotWind leasing phase, which was held in the United Kingdom.

When it was selected as the preferred bidder, along with the Mainstream Renewable Power, to get an initial 80 percent ownership in Progression Energy’s floating offshore wind project in Japan during the three months ending September 30, Aker Offshore Wind extended its portfolio. Hexicon and Aker Offshore Wind have established a 50-50 JV (joint venture) in Sweden, after the implementation of a joint development deal in March 2021, with the goal of building at least three floating offshore wind sites in the country.

Par Nuder, a former Swedish Finance Minister, and Mikael Kramer, a former Vattenfall executive, have both joined the joint venture’s Board of Directors as new members. ” As a result of the addition of Mikael Kramer and Par Nuder to our team in Sweden, we think we have submitted sufficient bids for ScotWind in the United Kingdom. Our portfolio has been expanded with the addition of a well-created early-stage advancement opportunity in Japan, which has brought with it new allies and their respective skills, which we hope will result in a winning combination,” said Selwood.

Semi-submersible drilling, as well as production platforms, are a specialty of Aker Solutions, which has more than 40 years of experience in designing, manufacturing, and maintaining them. Their tried-and-true floater designs permit energy production in some of the world’s most difficult offshore conditions. Wind turbine foundations for offshore wind developments can be provided by Aker Solutions in a variety of forms, including GBS (gravity-based structures) in steel or concrete, steel jacket substructures, floating substructures in steel or concrete, and converter platforms. Aker Solutions can offer both floating and fixed wind turbine foundations for offshore wind developments (topsides and substructures). Aker Solutions also provides additional services like load-out, transportation, sea-fastening, and installation of the topsides and foundations through their highly skilled maritime operations section, in addition to the services mentioned above.

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