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Mainstream and Maple Power partner for Celtic Sea floating tender

By: Tom Russell 29/11/2022 Mainstream Renewable Power

Floating General

Mainstream Renewable Power (Mainstream) and Maple Power are jointly exploring the upcoming Celtic Sea Floating Offshore Wind Tender in the UK, which will be launched in 2023.

The Crown Estate is planning a seabed leasing round in the Celtic Sea in 2023. It is intended to provide 4 GW of renewable energy capacity by 2035, with the region assessed to accommodate up to an additional 20 GW by 2045.

Maple Power, a 50:50 joint venture between Enbridge Inc. and CPP Investments, has since 2019 co-developed over 2 GW of offshore wind projects across Europe. This includes Provence Grand Large, the first non-recourse project financed floating offshore wind project currently in construction.

Mainstream, majority-owned by Aker Horizons, has supported the development and consent of numerous offshore wind farms. In May 2021, Aker Horizons acquired a majority stake in Mainstream and, in April 2022, Mitsui & Co., Ltd. joined Aker Horizons as a long-term strategic investor. In August 2022, the transaction to integrate Aker Offshore Wind into the Mainstream Group was completed.

Through its recent combination with Aker Offshore Wind, Mainstream is currently, together with its partners, developing gigawatt scale projects in South Korea (1.2 GW) and Scotland (1.8 GW). Mainstream is also a major shareholder of the floating wind technology provider Principle Power.

"The Celtic Sea can play a leading role in reaching the UK's Net Zero ambitions, while providing renewable energy for green value chains in Wales and beyond through its proximity to key industry," said Tove Røskaft, Head of Offshore Wind at Mainstream. "I believe Mainstream and Maple Power bring together highly complementary capabilities and experience which will support us well in our aim to bid on and develop floating offshore wind in the region."

Michael van der Heijden, Chief Executive Officer at Maple Power, said: "Maple Power has been active in floating offshore wind since 2019, when the team started to co-develop the Provence Grand Large project in France. With construction of that project now well underway, I am keen for Maple Power to further deploy its floating offshore wind expertise. Combined with Mainstream's track record, the two companies together are therefore well-placed to consider opportunities in the Celtic Sea tender."

For more information on offshore wind farms worldwide, click here.

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Mainstream and Maple Power partner for Celtic Sea floating tender

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