STATEMENT BY FLOVENTIS, THE DEVELOPER OF LLYR OFFSHORE WIND PROJECT 

 FOR IMMEDIATE RELEASE 

November 11, 2021 

  The Crown Estate Confirms 4GW of Leasing opportunities in the Celtic Sea 

 The Crown Estate has today published detail on its plans for floating wind leasing in the Celtic Sea, confirming its ambition to unlock up to 4GW of new clean energy capacity in England and Wales and help establish a new industrial sector for the UK. 

Floventis Energy welcomes the announcement and looks forward to playing a key role in the development of the new capacity, in support of the UK’s net zero target. The Crown Estate’s phased approach towards development in The Celtic Sea, which recognizes the importance of Test and Demonstration Leases, presents the best opportunity to stimulate significant new investment in jobs, skills, and infrastructure in the region and at a wider UK level. 

Through this new process, offshore wind development in the Celtic Sea has an opportunity to positively balance the needs of communities onshore and the environment, through a coordinated and planned approach which can also help to incentivize investment in grid infrastructure and ports. 

Scott Harper, Director of Floventis and CEO of Cierco Ltd said: “- The announcement today confirms yet another step in the process where sensible decisions and planning will pave the way for organized and effective development. The Celtic Sea zone presents a new opportunity in UK for offshore wind. It is therefore important that these planning steps assure that the pathway for delivery provides not just for achieving environmental targets, but also drives industrial and supply chain opportunities.” 

Floventis Energy’s development strategy for The Celtic Sea, which includes the two Llyr floating wind test and demonstration sites, is very well aligned with these ambitious proposals and we look forward to working with The Crown Estate to ensure that floating wind development in the region is taken forward in a considered and sustainable manner. 

About Floventis Energy, www.floventis.com 

In 2021 Cierco and SBM Offshore formed the joint venture company, Floventis Energy, with the goal of becoming a market leader in offshore floating wind power. The joint venture brings together complementary skills and expertise to produce the know-how required to develop and deliver complex technology projects successfully in the offshore environment. Already driving demonstration projects in California and the UK, Floventis is building a 

portfolio of projects to take floating offshore wind, through a stepwise process – increasing project size, to full scale commercial development proposals by 2030. 

About Llŷr Floating Wind, www.llyrwind.com 

The Llŷr development comprises two offshore sites, with a capacity of 100 MW each, south of Pembroke, Wales, UK, in waters of between 60 and 70m deep. The two sites will offer an opportunity to test and demonstrate innovative floating wind technologies at a pre-commercial scale, enabling the build-up of the floating wind supply-chain in steps with aim towards commercial project scale. 

About CIERCO, www.ciercoenergy.com 

Cierco is an independent renewable energy project development company established in 2001 with a simple goal – to engage in the field of offshore floating wind power and to drive technologies and projects to reach cost levels competitive with those of conventional power. The Cierco team has a unique experience base from multiple projects, originating from the very beginning of offshore wind. Cierco is headquartered in Palm Springs, California. 

About SBM Offshore, www.sbmoffshore.com 

SBM Offshore is a leader in the design, supply, installation, operation, and life extension of floating production solutions for the offshore energy industry over the full lifecycle. Knowing how to harness the energy above, in, and below the world’s oceans is what positions SBM Offshore as a company with an important role to play in the global energy development. SBM Offshore is headquartered in Amsterdam, The Netherlands. 

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CONTACT: 

Scott Harper 

Director 

+44 7710 487 567 

scott.harper@ciercoenergy.com