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Simply Blue exits Nordic floating joint venture

RICHARD HEAP

February 21, 2024

Irish developer Simply Blue Group is set to exit its 50:50 SeaSapphire joint venture with Eolus after a review of its global project portfolio.

The companies have agreed that Eolus will take full control of SeaSapphire, which was set up in 2022 to develop floating offshore wind projects in Nordic countries including Sweden and Finland.

Per Witalisson, chief executive of Eolus, said: “We see long-term potential in offshore wind power based on floating technologies, given the expected significant increase in electricity demand over the coming decades. We intend to develop the projects at a pace aligned with the maturity and cost competitiveness of the floating technology.”

Hugh Kelly, chief executive of Simply Blue Group, said: “As we turn our focus to other markets, we would like to wish Eolus every success in the continued development of the SeaSapphire projects.”

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