Eolus and Simply Blue have formed a JV named SeaSapphire to develop four commercial scale floating offshore wind parks in The Baltic Sea, comprising two projects in Sweden and two in Finland.
Eolus and Simply Blue Group each own 50% of the shares in SeaSapphire through which the partnership will take place.
The Swedish projects are Skidbladner, located 100km southeast of Stockholm and Herkules, located 60km southeast of The Island of Gotland.
In Finland, Wellamo is planned for 90km outside Satakunta Region, while an undisclosed project is proposed for the Finnish exclusive economic zone in the Baltic Sea.
Chief executive of Eolus Per Witalisson said: “The SeaSapphire projects, will strengthen and diversify our offshore portfolio.
“Combining Eolus’ long experience of developing renewable projects and Simply Blue Group’s expertise within floating wind will allow us to build a strong and successful partnership.
“It provides great opportunities to add substantial green electricity production in the Nordics.”
Sam Roch-Perks, group chief executive of Simply Blue Group added: “This is a strong partnership between Simply Blue Group and Eolus, where our ambitions are similar, and our development experiences and competences complement.
“Our Blue Economy approach will benefit coastal societies and stakeholders in terms of new jobs and engagements in activities that will make it possible to manage the sustainable energy transition in Finland and Sweden and reach the fossil free targets.”
The projects are under development, and a strong focus is being put on supply chain development to provide opportunities for local job creation and exploring possibilities of alternative use of produced energy.
If all were to go ahead according to current plans, the projects would produce up to 40TWh/year helping to address Sweden’s and Finland’s ambition and need to increase green electricity generation, the JV said.