Shetland

• LYSAKER, Norway, Aug. 17, 2023 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream"), the global pureplay renewable energy company, and Ocean Winds, the international joint venture between EDPR and ENGIE dedicated to offshore wind energy, have partnered to develop a second ScotWind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm ("Arven") to 2.3 GW.
• The companies are currently developing a 1.2 GW floating offshore wind farm in South Korea and are in a consortium for the upcoming Utsira Nord floating offshore wind tender in Norway.
• Adam Morrison, UK Country Manager for Ocean Winds, said:
  "The collaboration between Ocean Winds and Mainstream Renewable Power marks a significant milestone, combining our expertise and resources to develop our largest floating offshore wind farm to date.
• This remains a core offshore wind market for Mainstream and we look forward, together with Ocean Winds, to continuing our engagements with Crown Estate Scotland and other key stakeholders."

• According to the latest official figures, the sector’s revenue grew about 5.1% in 2021, outpacing the global space industry.
• This is even more impressive considering the UK’s economy declined over the same period.
• However, for the country’s ambitions of becoming a commercial spaceport powerhouse, as a space industry researcher I think little, if anything, has changed.
• It’s easy to blame the failed rocket launch for its bankruptcy, but there’s more to it than that.

Risk and reward

• Risk must be factored in from the start, which explains why government support is needed.
• Failure rate is high across all missions and types of space flight.
• Ariane 5, considered the workhorse of European space travel, was the most expensive rocket failure in history, costing US$370 million (£298 million).

Grounds for concern

• This does not mean there aren’t any grounds for concern, however.
• The international outlook for the hi-tech sector is less favourable, with rising interest rates worldwide squeezing the companies that need funding the most.
• Alternatively, more failed launches may signal to businesses that the UK is not (yet) a viable competitor to more established sites in the US and elsewhere.

• FORNEBU, Norway, Feb. 16, 2023 /PRNewswire/ -- Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the fourth quarter 2022.
• As the energy transition accelerates, Aker Horizons will benefit from its early mover position in carbon capture, offshore wind and hydrogen.
• Aker Carbon Capture as reported in Aker Horizons' NAV was reduced by NOK 624 million reflecting the share price development in the period.
• Aker Horizons gross asset value stood at NOK 21.2 billion at 31 December 2022, down from NOK 22.6 billion in the prior quarter.

• FORNEBU, Norway, Nov. 2, 2022 /PRNewswire/ --Aker Horizons ASA (OSE: "AKH"), a developer of green energy and green industry, today announced results for the third quarter 2022.
• Aker Horizons' liquidity reserve, including cash and undrawn credit facilities, stood at NOK 9.7 billion as per 30 September 2022.
• As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally.
• This stock exchange announcement was published by Ivar Simensen, Communications, Aker Horizons, on 2 November 2022 at 07:00 CET.