Oxan Energy, French-based offshore wind developer, has won the first Estonian floating offshore wind tender. Together with its partner SNOW, Oxan Energy will develop the ‘Saare 1’ project which has a potential capacity of 900 MW.
The Estonian authorities have tendered the zone of Saare 1, located 60 km off the coast of the largest Estonian island, Saaremaa, which has a surface area of 88 km and a water depth up to 85 meters.
Oxan Energy and SNOW, a financial advisor specialized in renewable power generation will develop together the project. The consortium will conduct the environmental and technical studies, starting with the environmental impact assessment.
The project will use floating wind technology. However, given the water depth, the project has the potential to combine floating and bottom-fixed technologies. The lay-out of the wind farm, including the technology to be used, will be decided after the impact assessment based the environmental and technical studies. The project is expected to be commissioned in 2033.
Nicolas Paul-Dauphin, CEO of Oxan Energy says: 'Estonia has made significant steps to deploy offshore wind energy, including one-stop shop for permitting, the grid connections and the ports infrastructures. Oxan Energy feels privileged to contribute to the decarbonization of Estonia and thus strengthen our presence in Europe'.
Growth of offshore wind in Estonia
The 900 MW project will contribute to Estonia’s energy independence with clean and renewable energy. This tender will support Estonia’s goal to generate 100% of its electricity from renewable sources. The Estonian offshore renewable energy market is one of the most dynamic in the Baltic Sea region.
About Oxan Energy
Oxan Energy is a developer of renewable energy projects specialised in marine energies and particularly in offshore wind. Created in 2023 and based in France, the company is active internationally, mainly on European markets. With its team of recognised experts, Oxan Energy relies on 15 years of experience in floating offshore wind and gathers all the relevant skills and competences for the development of offshore wind projects.
About SNOW
SNOW is a professional financial advisor to the renewable energy sector. The company actively participates in tasks that contribute to the development of projects and assists developers in finding optimal financing for their projects.
Source: Oxan Energy
