We advised the Norwegian company Deep Wind Offshore on the purchases of the Saare 2.1 and Saare 2.2 offshore areas. As the sole participant in the auction, Deep Wind Offshore acquired the Saare 2.1 offshore area at the starting price of EUR 2.457 million, and Saare 2.2 also at the starting price of EUR 1 327 500 million.
Based on applications submitted by the company, procedures for building permits will now be initiated for a total area of 252.3 square kilometers. According to the construction permit application, Deep Wind Offshore plans to install up to 154 turbines in the offshore areas, with a total capacity of up to 2400 megawatts.
“Estonia is taking steps to realise its ambitions, and we are exceptionally pleased to have secured these offshore areas. Deep Wind Offshore will contribute to achieving Estonia’s climate goals by ensuring energy security, creating value chains, and new jobs,” said Deep Wind Offshore CEO Knut Vassbotn.
Our client team
Our team included partner Paul Künnap, counsel Piibe Lehtsaar, senior associate Sandra Mikli and associate Elina Lumiste.
