Van Oord owns part of 1 GW Saaremaa offshore wind project in the Baltic Sea

Van Oord has acquired a stake in the Estonian offshore wind developer Saare Wind Energy. Saare Wind Energy is developing the Saaremaa offshore wind farm at an area covering up to 200 square kilometers south-west of the Estonian island Saaremaa. The area could facilitate an offshore wind farm of over 1,000 MW.

Van Oord announced its intention to participate in the project in January, with the support of the Netherlands Embassy in Tallinn and the Estonian Investment Agency. After a period of negotiation, Estonian regulators gave permission for Saare Wind Energy to apply for environmental permitting for the development in May 2020, paving the way for the project to move ahead.