OW Ocean Winds Revenue and Competitors

OW, Ocean Windsￃﾢ￢ﾂﾬￂﾯis aￃﾢ￢ﾂﾬￂﾯ50:50 offshore wind joint-venture, owned and created by EDPR and ENGIE in 2020. Both companies believe that offshore wind energy is becoming an essential part of the global energy transition, leading to the sectorￃﾢ￢ﾂﾬ￢ﾄﾢs rapid growth and increased competitiveness. That is why they have included all their existing and pipeline offshoreￃﾢ￢ﾂﾬￂﾯwindￃﾢ￢ﾂﾬￂﾯportfolio in the new company.ￃﾢ￢ﾂﾬￂﾯ OW has a strategic advantage and is well positioned to play a leading role in the offshore market. EDPR and ENGIE are combining their offshore wind assets and project pipeline in OW, starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or under construction and 5 to 10 GW under advanced development by 2025. OW primarily targets markets in Europe, the United States and selectedￃﾢ￢ﾂﾬￂﾯlocationsￃﾢ￢ﾂﾬￂﾯin Asia, from where most of the growth is expected to come.ￃﾢ￢ﾂﾬￂﾯ OW develops an innovative floating technology which allows to harness wind resources and generate electricity in places where water is too deep for fixed-foundation turbines, gaining access to the wealth of wind resources which were previously inaccessible. These innovative farms also permit lowering product costs. Our energy is made of human and inspiring relationships that push us towards a common goal with our team, partners and stakeholders.ￃﾢ￢ﾂﾬￂﾯWe use the flexibility of the wind to adapt to new challenges, its power to move towards more sustainable and efficient solutions and its touch to remind us of our most human side.ￃﾢ￢ﾂﾬￂﾯￃﾢ￢ﾂﾬￂﾯ LETￃﾢ￢ﾂﾬ￢ﾄﾢS COWRITE THE FUTURE OF ENERGY TOGETHER