Skjoldblad established

TotalEnergies, Iberdrola and Norsk Havvind officially announce the name of their consortium for Norwegian offshore wind: «Skjoldblad»

The announcement comes as a follow-up to the three companies' communication in autumn 2021 that they established a consortium with the ambition to use their global expertise and experience, as well as their long experience in Norway, to develop a strong and sustainable Norwegian offshore wind industry.

Skjoldblad's owners can collectively point to an international portfolio of more than 80 GW of offshore wind projects that are either in development, under construction or in operation. This positions the consortium as a global leader in offshore wind. In addition to an extensive pipeline and broad international experience, Skjoldblad's owners have also been central players in the development of the Norwegian energy industry, both onshore and offshore, for over half a century.

Skjoldblad's ambition is to become a key contributor that enables Norway to develop a strong and competitive world-class offshore wind industry. Through Skjoldblad, TotalEnergies, Iberdrola and Norsk Havvind will add significant industrial, social, and economic value.

Skjoldblad, believes in a long-term industrial approach to the promising offshore wind industry, with a local foundation, where developers, supply chain, authorities and other key stakeholders work together to develop the industry in Norway. The consortium will have a significant focus on strengthening local industrial expertise and developing Norwegian supply chains and creating new, local jobs. Skjoldblad will make use of technical, commercial and project management experience from the owners' significant portfolio of offshore wind projects, their financial strength, and their Norwegian and international talent.

Our company name is inspired by the water naval plant (Skjoldblad in Norwegian), which grows in the harsh western Norwegian coastal environment. The plant is considered to be near threatened. It is a plant that can withstand sea spray, and, on a stem, the leaves grow together in a community. The plant represents what we at Skjoldblad stand for: strength, growth and interaction, which are central factors in the work of building a strong offshore wind industry in Norway. The logo is inspired by the shape of the historical and traditional windmills and the water naval plant. The word Skjoldblad consists of "shield" and "blade". Together with the logo, it is an expression of the consortium’s commitment to exploiting wind energy through pioneering industrial technology.

TotalEnergies – becoming a world-class player in the energy transition

TotalEnergies is a global multi-energy company, producing and marketing a wide range of energy: oil, biofuels, natural gas, green gases, renewables, and electricity. The Company's more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible and is active in more than 130 countries.

Iberdrola – world leader in offshore wind

Iberdrola is among the world's largest energy companies, a leader in renewable power generation, and at the forefront of the shift to a low-carbon economy. The company supplies energy to close to 100 million people in a wide range of countries. With a focus on renewable energy, smart grids and smart solutions, Iberdrola's main markets include Europe, the USA, Brazil, Mexico and Australia. The company employs close to 40,000, and in the last 20 years has invested over 130 billion euros to help build a sustainable energy model.

Norsk Havvind – greater ambitions for the future

Norsk Havvind is an independent developer of offshore wind power. Majority owner Valinor has, through its subsidiary Norsk Vind, established itself as the largest developer of onshore wind in Norway. Through targeted investments and active ownership, Valinor has considerable experience in building and owning strong companies, with great potential in renewable power generation, infrastructure, and aquaculture. The management and board of Norsk Havvind have considerable experience from the planning, development, and implementation of offshore energy projects.

For more information, please contact

CEO Norsk Havvind AS Peder Sortland,
+47 902 81 801, peso@norskhavvind.com

TotalEnergies Renewable Explorer Øyvind Gundersen,
+47 971 80 416, oyvind.gundersen@totalenergies.com

Iberdrola Media Relations: Eduardo González,
+34 638 146 175egonzalezf@iberdrola.es

and visit

skjoldblad.com
totalenergies.com
iberdrola.com
norskhavvind.no
scottishpower.co.uk
valinor.no
vindenergi.no

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