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Fred. Olsen Windcarrier Joins LEEDCo Team as Installation Partner for Lake Erie Offshore Wind Project

Fred. Olsen Windcarrier Joins LEEDCo Team as Installation Partner for Lake Erie Offshore Wind Project

CLEVELAND (Nov. 19, 2014) – The Lake Erie Energy Development Corporation (LEEDCo) announced today that experienced wind turbine installation firm Fred. Olsen Windcarrier AS is joining the development team for Project Icebreaker, an offshore wind demonstration project in Lake Erie designed to establish Northeast Ohio as a key region for offshore wind development and expertise.

Fred. Olsen Windcarrier, based in Oslo, Norway, provides innovative and tailored services for the transport, installation and maintenance of offshore wind farms. Their role on the "Icebreaker" project will be to help develop an installation strategy that leverages existing regional assets such as barges, port infrastructure and local manufacturing companies. The strategy will also consider future offshore wind projects both in Lake Erie and throughout the Great Lakes.

"Offshore wind in Lake Erie is a tremendous economic and environmental opportunity, and the long-term market outlook for Northeast Ohio is very strong," said Rolf Normann, chief executive officer of Fred. Olsen Windcarrier. "There is an abundant untapped renewable resource, a wealth of existing infrastructure, and a need for new sources of electricity generation as Ohio's coal plants begin to retire. We see the Icebreaker project as the key to catalyzing this new industry for the region, and we're excited to be a part of it."

Fred. Olsen Windcarrier is a leading installer of offshore wind turbines; they own and operate two highly specialized jack-up installation vessels and have extensive experience installing some of the largest offshore wind turbines in Europe. The company plans to use the Cleveland-based demonstration project as a central part of its strategy to expand operations further into the United States. Earlier this year, Fred. Olsen Windcarrier was selected as the installation contractor for the Block Island wind farm in Rhode Island.

"Fred. Olsen Windcarrier is the gold standard when it comes to offshore wind installation, and we are proud to have them join our team," said Lorry Wagner, president of LEEDCo. "Helping international offshore wind companies establish a presence in Northeast Ohio is one of the ways we can create local jobs as we build the industry here."

 

About LEEDCo: The Lake Erie Energy Development Corporation (LEEDCo) is a regional non-profit corporation leading efforts to create an offshore wind energy industry in Northeast Ohio. As a public-private partnership, LEEDCo represents Northern Ohio's public interest in offshore wind and is working to develop an initial 18-megawatt project in Lake Erie seven miles offshore Cleveland. Founded in 2009, LEEDCo members include Ashtabula, Cuyahoga, Lake and Lorain Counties, City of Cleveland, the Cleveland Foundation and NorTech. 

About Fred. Olsen Windcarrier: Fred. Olsen Windcarrier provides innovative and tailored services for the transport, installation, and maintenance of offshore wind parks. Building on 165 years of offshore and marine experience, Fred. Olsen Windcarrier was established in 2008 to meet the increasing demand for offshore wind turbine installation vessels and related marine service vessels. The company owns and operates the Bold Tern and the Brave Tern, two class leading purpose-built jack-up vessels, and a fleet of eight modern service vessels for transporting crew and equipment to and from offshore wind farms. Fred. Olsen Windcarrier and related companies, Global Wind Service and Universal Foundation, employ around 700 people. The company is wholly owned by Fred. Olsen Ocean, which is owned on a 50/50 basis by the Norwegian stock listed companies Bonheur ASA and Ganger Rolf ASA. The company has offices in Oslo - Norway, Fredericia - Denmark, Lowestoft - United Kingdom and Pieta - Malta. For more information, visit www.windcarrier.com.

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