Mainstream Renewable Power ("Mainstream"), the global renewable energy company
majority-owned by Aker Horizons, and Ocean Winds, the international company
dedicated to offshore wind energy, have been appointed preferred bidder by Crown
Estate Scotland for an area with the potential for a 1.8 GW offshore wind farm
off the Shetland Islands in Scotland.

Mainstream and Ocean Winds, as the preferred bidders, are now offered the
opportunity to enter into an option agreement for the site which is located east
of the Shetland Islands in approximately 100m water depth and is well suited for
floating offshore wind. The project partners, which hold a 50-50 ownership, are
committed to developing floating offshore wind on an industrial scale in
Scotland, generating local jobs and opportunities in Scotland and the Shetland
Islands. The site output is expected to power for the equivalent of over 2
million homes.

"We are proud of Mainstream and Ocean Winds' success in the ScotWind process. It
is a testament to the strength of the partnership, and to Mainstream's standing
as a leading developer of gigawatt-scale renewables platforms with significant
offshore technology expertise. This was further reinforced by the company's
recent combination with Aker Offshore Wind," said Kristian Røkke, Chief
Executive Officer of Aker Horizons and Chairman of Mainstream.

"This is a very significant win for Mainstream, which plays to our key strengths
as a global leader in floating offshore wind technology as well as our track
record in offshore wind project development," said Mainstream's Chief Executive
Officer Mary Quaney. "In Scotland, we have already developed the 450 MW Neart na
Gaoithe Offshore Wind Farm and we now look forward to working with all
stakeholders to further develop and strengthen Scotland's offshore wind industry
and help position it as a global leader in floating offshore wind power."

Mainstream and Aker Offshore Wind in August 2022 completed a transaction to
combine the two companies to create a stronger renewable energy company with
more than 27 GW net portfolio. Combining Aker Offshore Wind's strong technical
and engineering capabilities and early mover position in floating offshore wind
with Mainstream's proven project development methodology, execution track record
and global presence unlocks new opportunities worldwide. The company is
currently bringing forward multi-gigawatt scale developments of offshore wind
assets in markets including Vietnam, South Korea, Japan, Norway, Ireland and
Sweden.

Mainstream, through its combination with Aker Offshore Wind, has already
partnered with Ocean Winds in the joint venture KF Wind in South Korea and are
in consortium to bid in the upcoming leasing round for floating wind at Utsira
Nord in Norway. Mainstream and Ocean Winds are also major shareholders of the
leading floating wind technology provider Principle Power.

"We are proud of the strength that Ocean Winds and Mainstream Renewable Power
teams have combined to secure this major new project," said Bautista Rodriguez,
Ocean Winds' chief executive officer. "As Ocean Winds, we are looking forward
to using our more than 10-year expertise as pioneer in floating offshore wind
farms from development to operation to progress this large floating project
awarded with Mainstream, as well as the 500 MW floating project also awarded to
Ocean Winds during this clearing round. Both will bring major benefits to
Shetland and Scotland, and an important contribution to Net Zero."

Ocean Winds was created as a 50-50 joint venture in 2020 by EDP Renewables and
ENGIE. The company is one of Scotland's leading offshore wind developers, with
950 MW currently in operation at Moray East and 882 MW in late development stage
at Moray West. In January 2022, Ocean Winds was successful in its ScotWind bid,
the Caledonia Offshore Wind Farm, with a plan for up to 2 GW.

ENDS

About Mainstream Renewable Power

Mainstream Renewable Power is a leading pure-play renewable energy company, with
wind and solar assets across global markets, including in Europe, the Americas,
Africa, and Asia-Pacific. Mainstream is one of the most successful developers of
gigawatt-scale renewables platforms, across onshore wind, offshore wind, and
solar power generation. It has successfully delivered 6.5 GW of wind and solar
generation assets to financial close-ready and has a global portfolio of more
than 27 GW.

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.

Mainstream is one of the leading developers of offshore wind at scale globally.
It has successfully consented Hornsea One (1.2 GW), the largest operational
offshore wind plant in the world today; and developed the Hornsea 2 project (1.4
GW) before selling these projects and the entire Zone in 2015. Mainstream fully
consented the Neart na Gaoithe offshore wind project in Scotland, where 450 MW
is currently under construction. Overall, it has developed and consented 20% of
the UK's offshore wind capacity either in operation or under construction. The
company is currently bringing forward multi-gigawatt scale developments of
offshore wind assets in markets including Vietnam, South Korea, Japan, Norway,
Ireland, the UK, and Sweden.

Mainstream, through Aker Horizons' ownership and its combination with Aker
Offshore Wind, will leverage the decades of offshore energy development
experience through the Aker group. Aker has been instrumental in the design and
deployment of more than half of all semisubmersible floating offshore
installations in the world and has over four decades of experience in Scotland,
including a global subsea centre of excellence.

About Ocean Winds

Oceans Wind (OW) is an international company dedicated to offshore wind energy
and created as a 50-50 joint venture, owned by EDP Renewables and ENGIE. Based
on our belief that offshore wind energy is an essential part of the global
energy transition, we develop, finance, build and operate offshore wind farm
projects all around the world.

When EDP and ENGIE combined their offshore wind assets and project pipeline to
create OW in 2019, the company had a total of 1.5 GW under construction and 4.0
GW under development; OW has been adding rapidly to that portfolio and is now on
a trajectory to reach the 2025 target of 5 to 7 GW of projects in operation, or
construction, and 5 to 10 GW under advanced development. In 2022, OW's offshore
wind gross capacity already operating, in construction or with advanced
development rights granted reaches 14.5 GW.

OW, headquartered in Madrid, is currently present in 8 countries, and primarily
targets markets in Europe, the United-States, selected parts of Asia, and
Brazil.

For more information: www.oceanwinds.com

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