Van Oord is to work with Saare Wind Energy to mutually develop the Saaremaa offshore wind farm off the coast of Estonia.
The planned project would cover an area of 154 square kilometres, south-west of the Estonian island of Saaremaa.
Saare Wind Energy started developing the project in 2015 carrying out spatial planning.
The next phase will be an environmental impact assessment, which will be initiated after receiving a positive permit decision from the Estonian authorities.
“The parties are convinced that the combined knowledge base will facilitate a successful development of the project,” the companies said.
They added that the discussions that lead to the agreement were supported by the Estonian Investment Agency, which “demonstrates the commitment of the Estonian authorities with respect to renewable developments”.
Van Oord said the Saaremaa site offers an excellent opportunity for the construction of an offshore wind farm because of its location in the Baltic Sea in relation to the main wind direction.
“The offshore wind farm can act as a foothold for the development of an international Baltic grid,” it added.
Van Oord and Saare Wind Energy said they “look forward to intensifying the cooperation with local and national Estonian stakeholders as this is a precondition for the upcoming permit process and the subsequent construction of the project”.