Fred.Olsen Renewables (FOR) is a wholly owned subsidiary of Bonheur ASA and is responsible for the group’s renewable energy activities. FOR’s main focus is onshore wind power and the first investment was made back in 1996. The main office is based in Oslo and the activities are focused on the Scandinavian market and the UK. Significant efforts have been made in developing green field projects. This has proven particularly successful in the UK and the company’s first large scale wind farm, Crystal Rig, commenced operation in 2003. Since then, five additional wind farms have been constructed in Scotland, one in Norway and one in Sweden, which brings FOR's total installed capacity up to 582 MW.
The 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 the cradle-to-grave principle. FOR also has an interest in the offshore wind sector, holding 50% of a consented project in Ireland (Codling Bank), with a total capacity of 500 MW and potential for a 500 MW extension.
Wind energy is a key part of Europe's total energy production and is becoming more significant year on year. New production technologies in wind turbine design, manufacture and the application of wind modelling are producing greater efficiencies. Fred. Olsen Renewables are at the forefront of these developments and continue to invest for the future of renewable energy.