Fred. Olsen Renewables’ Rothes II Wind Farm operational

Fred. Olsen Renewables (FOR) have confirmed today that Rothes II Wind Farm has commenced operation in August, providing an installed operational capacity of 41.4 MW, and equivalent to generating enough electricity to power over 20,500 homes¹.

The project is located adjacent to the existing Rothes Wind Farm, 20km south west of Elgin and consists of 18 x Siemens 2.3 MW turbines. The operational site takes Fred. Olsen Renewables’ onshore operational portfolio² to 430.5 MW, representing 7%³ of the UK’s total onshore installed wind capacity or 11%⁴ of Scotland’s onshore installed wind capacity. A further 60MW of wind plant is either under construction or due to shortly enter construction.

FOR’s overall strategy is to participate in projects from an early stage. The company is involved in site selection, planning and construction and aims to operate the projects over their lifetime. The approach is based on a successfully demonstrated full lifecycle principle.

FOR have appointed leading renewable energy consultancy Natural Power to provide operational services on the site including 24/7 control room services, NP/ControlCentre™.

David Brunt, CEO at Fred. Olsen Renewables commented: “We are very pleased to confirm that Rothes II Wind Farm construction has now concluded successfully and the site has entered into operation. Rothes I and Rothes II provide a combined installed capacity of almost 100 MW which alone represent 2.5% of Scotland’s total onshore wind capacity, helping to meet the country’s ambitious renewable energy targets.”

These projects affirm the company’s position as the UK’s leading Independent Renewable Power Producer.

Notes for Editors: Fred. Olsen Renewables (FOR) has been developing and operating wind farms since the mid 1990’s. It’s operational portfolio comprises Rothes (51 MW), Rothes II (45 MW), Paul’s Hill (64 MW) and Crystal Rig I (62.5 MW) and Crystal Rig II (138 MW) giving a generating capacity of 355.5 MW. Projects under being constructed to grid date include Mid Hill (75 MW). Consented onshore projects include Windy Standard II (37.5 MW) and a large offshore project in Irish waters, Codling Bank (up to 1 GW). FOR is a wholly owned subsidiary of Bonheur ASA and Ganger Rolf ASA, both listed on the Oslo Stock Exchange, with FOR being responsible for the development of renewable energy generation activities. See www.FredOlsenRenewables.com for more information.

Contact details:

Alex Woodward
Head of Marketing
Fred. Olsen Renewables
Email: press()fredolsen.co.uk
Tel: +44 (0) 7825 159 082

This press release contains “forward-looking information” that is based on the Company’s current expectations, estimates, forecasts and projections. The words “may”, “would”, “could”, “should”, “will”, “likely”, “expect,” “anticipate,” “intend”, “estimate”, “plan”, “hope”, “forecast”, “project” and “believe” or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. This should be considered carefully and readers should not place undue reliance on such forward-looking information. Except as required by law, the Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

¹ renewableUK source: Number of households supplied = B x 0.2758 x 8760/4700, where B is the rated capacity of the wind energy development in kW, 0.2758 is a constant, the capacity factor, which takes into account the intermittent nature of the wind, the availability of the wind turbines and array losses, and 8760 is the number of hours in a year.

² Including sites being constructed to a grid date

³ 430.5MW out of 6,372.10 MW represents 6.75%, source: renewableuk.com (August 2013)

³ 430.5MW out of 3,996.12 MW represents 10.7%, source: renewableuk.com (August 2013)

04 Sep 2013