Wind Catching Systems AS, where North Energy ASA holds approximately 22% of the outstanding shares, has today received notification of a project grant of NOK 1.2 billion from ENOVA to its subsidiary Wind Catching Demo AS, for the deployment of a commercial demonstrator unit.
Wind Catching Demo AS is currently applying for a license for a demonstrator project off the coast of Øygarden, Norway based on the Windcatcher design. The license application involves a total of four units based on the Windcatcher design with a total installed capacity of up to 250 MW.
A link to the press release from ENOVA is attached. Further details from Wind Catching Systems AS will be provided in due course.
https://www.enova.no/presse/#/embedded/release/18398124/ny-teknologi-innen-flytende-havvind-stort-potensial-for-reduserte-kostnader?publisherId=17848299&lang=no
For further information, please contact:
Rune Damm, CFO, (+47) 416 66 685, rune.damm@northenergy.no